Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Sees Significant Drop in Short Interest

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 105 shares, a drop of 82.8% from the October 15th total of 609 shares. Based on an average daily volume of 315 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Blue Acquisition Corp/Cayman

A hedge fund recently bought a new position in Blue Acquisition Corp/Cayman stock. Harraden Circle Investments LLC acquired a new position in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 50,000 shares of the company’s stock, valued at approximately $562,000.

Blue Acquisition Corp/Cayman Trading Down 2.5%

Blue Acquisition Corp/Cayman stock traded down $0.27 during mid-day trading on Friday, hitting $10.65. The company’s stock had a trading volume of 803 shares, compared to its average volume of 10,626. The stock’s fifty day moving average price is $10.85 and its two-hundred day moving average price is $10.79. Blue Acquisition Corp/Cayman has a twelve month low of $10.13 and a twelve month high of $11.75.

Blue Acquisition Corp/Cayman Company Profile

Blue Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, Blue Acquisition Corp. does not have an established operating business or sell products and services. Its principal activity is identifying and completing a business combination. Information about the company’s target industries, operating activities and leadership is not included here because it could not be confirmed reliably.