Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 609 shares, a growth of 5,436.4% from the September 30th total of 11 shares. Based on an average daily volume of 597 shares, the short-interest ratio is currently 1.0 days.
Blue Acquisition Corp/Cayman Price Performance
Shares of NASDAQ BACCU remained flat at $10.78 during mid-day trading on Monday. The company had a trading volume of 565 shares, compared to its average volume of 11,886. The firm’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $10.92. Blue Acquisition Corp/Cayman has a 12 month low of $10.24 and a 12 month high of $11.75.
Hedge Funds Weigh In On Blue Acquisition Corp/Cayman
A hedge fund recently bought a new stake in Blue Acquisition Corp/Cayman stock. Harraden Circle Investments LLC acquired a new position in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $562,000.
About Blue Acquisition Corp/Cayman
Blue Acquisition Corp. is a Cayman Islands–incorporated special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, Blue Acquisition Corp. does not offer products or services and does not conduct a substantial commercial business of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.
The company’s securities include units traded on Nasdaq under the symbol BACCU.
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