Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 11 shares, a decrease of 97.3% from the July 30th total of 411 shares. Based on an average daily volume of 1 shares, the days-to-cover ratio is presently 11.0 days.
Blue Acquisition Corp/Cayman Price Performance
Shares of BACCU opened at $11.23 on Thursday. Blue Acquisition Corp/Cayman has a 12 month low of $10.07 and a 12 month high of $11.75. The stock’s 50 day moving average is $11.23 and its two-hundred day moving average is $10.78.
Institutional Investors Weigh In On Blue Acquisition Corp/Cayman
Large investors have recently modified their holdings of the business. Toronto Dominion Bank lifted its position in Blue Acquisition Corp/Cayman by 85.2% during the fourth quarter. Toronto Dominion Bank now owns 277,773 shares of the company’s stock worth $2,922,000 after buying an additional 127,773 shares in the last quarter. Clear Street Group Inc. increased its position in shares of Blue Acquisition Corp/Cayman by 57.3% during the fourth quarter. Clear Street Group Inc. now owns 119,235 shares of the company’s stock valued at $1,254,000 after acquiring an additional 43,439 shares during the last quarter. Finally, Harraden Circle Investments LLC purchased a new stake in Blue Acquisition Corp/Cayman in the second quarter valued at approximately $562,000.
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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