Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) Shares Shorted: Short Interest Down 69.8% in September

Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 245 shares, a drop of 69.8% from the September 15th total of 810 shares. Based on an average daily volume of 34,970 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Bitcoin Infrastructure Acquisition

Several large investors have recently made changes to their positions in BIXI. TrueMark Investments LLC purchased a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter worth $148,000. Robinson Capital Management LLC raised its position in shares of Bitcoin Infrastructure Acquisition by 100.0% during the 2nd quarter. Robinson Capital Management LLC now owns 20,000 shares of the company’s stock valued at $200,000 after buying an additional 10,000 shares in the last quarter. Gritstone Asset Management LLC bought a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter valued at about $347,000. ABC Arbitrage SA bought a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter valued at about $397,000. Finally, Bulldog Investors LLP bought a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter valued at about $744,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Bitcoin Infrastructure Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Bitcoin Infrastructure Acquisition Stock Performance

BIXI traded up $0.01 during trading on Tuesday, hitting $10.09. 723 shares of the company traded hands, compared to its average volume of 24,753. The stock’s 50-day simple moving average is $10.08 and its two-hundred day simple moving average is $10.01. Bitcoin Infrastructure Acquisition has a 1 year low of $9.80 and a 1 year high of $10.33.

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Bitcoin Infrastructure Acquisition Company Profile

Bitcoin Infrastructure Acquisition Corp. (NASDAQ: BIXI) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a company operating in the bitcoin and broader digital-asset infrastructure sector.

As a SPAC, Bitcoin Infrastructure Acquisition does not operate a traditional business or offer products and services directly. Its activities are focused on evaluating potential merger, acquisition, or similar transactions with a target business.

Specific information about a completed transaction, operating subsidiaries, geographic markets, products, and executive leadership is limited.