Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Up 56.3% in November

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,500 shares, an increase of 56.3% from the October 31st total of 1,600 shares. Based on an average trading volume of 12,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Blue Ocean Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of the business. K2 Principal Fund L.P. purchased a new stake in Blue Ocean Acquisition in the third quarter valued at $1,020,000. Berkley W R Corp purchased a new stake in shares of Blue Ocean Acquisition in the third quarter worth about $1,196,000. Finally, Wolverine Asset Management LLC grew its holdings in Blue Ocean Acquisition by 1,183.9% during the second quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company’s stock worth $2,072,000 after acquiring an additional 171,197 shares during the period.

Blue Ocean Acquisition Stock Down 14.8 %

Shares of BOCN stock traded down $2.04 during mid-day trading on Friday, reaching $11.71. The stock had a trading volume of 15,453 shares, compared to its average volume of 13,527. Blue Ocean Acquisition has a 1-year low of $10.74 and a 1-year high of $13.75. The business’s fifty day moving average is $11.55 and its 200-day moving average is $11.35.

About Blue Ocean Acquisition

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.