Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Sees Large Increase in Short Interest

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 564 shares, a growth of 209.9% from the May 31st total of 182 shares. Based on an average daily volume of 1,429 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank lifted its holdings in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,773 shares of the company’s stock after purchasing an additional 127,773 shares during the period. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 at the end of the most recent reporting period.

Blue Acquisition Corp/Cayman Stock Performance

NASDAQ:BACCU remained flat at $11.06 on Monday. Blue Acquisition Corp/Cayman has a 12-month low of $10.01 and a 12-month high of $11.75. The firm has a fifty day moving average price of $10.71.

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.