Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 11 shares, a drop of 97.3% from the July 30th total of 411 shares. Based on an average trading volume of 1 shares, the short-interest ratio is currently 11.0 days.
Blue Acquisition Corp/Cayman Price Performance
Shares of NASDAQ:BACCU remained flat at $11.23 during midday trading on Tuesday. The firm’s 50 day moving average is $11.22 and its 200 day moving average is $10.77. Blue Acquisition Corp/Cayman has a twelve month low of $10.07 and a twelve month high of $11.75.
Institutional Investors Weigh In On Blue Acquisition Corp/Cayman
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harraden Circle Investments LLC bought a new position in shares of Blue Acquisition Corp/Cayman in the second quarter valued at approximately $562,000. Clear Street Group Inc. increased its holdings in Blue Acquisition Corp/Cayman by 57.3% during the 4th quarter. Clear Street Group Inc. now owns 119,235 shares of the company’s stock worth $1,254,000 after acquiring an additional 43,439 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Blue Acquisition Corp/Cayman by 85.2% in the 4th quarter. Toronto Dominion Bank now owns 277,773 shares of the company’s stock worth $2,922,000 after purchasing an additional 127,773 shares in the last quarter.
About Blue Acquisition Corp/Cayman
Blue Acquisition Corp/Cayman (NASDAQ: BACCU) is a special purpose acquisition company (SPAC) formed as an exempted company under the laws of the Cayman Islands and listed on the NASDAQ Stock Market. The company has issued units under the BACCU ticker and, like other SPACs, was created to raise capital through an initial public offering for the purpose of effecting a business combination.
As a blank‑check acquisition vehicle, Blue Acquisition Corp does not operate commercial businesses or sell products or services.
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