Blue World Acquisition Co. (NASDAQ:BWAQ) Sees Significant Growth in Short Interest

Blue World Acquisition Co. (NASDAQ:BWAQ) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,500 shares, a growth of 1,150.0% from the March 31st total of 200 shares. Based on an average trading volume of 32,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Spartan Fund Management Inc. bought a new stake in shares of Blue World Acquisition in the 1st quarter valued at $182,000. Cowen AND Company LLC bought a new stake in Blue World Acquisition during the third quarter valued at $279,000. Quarry LP bought a new stake in Blue World Acquisition during the fourth quarter valued at $496,000. Wolverine Asset Management LLC grew its holdings in Blue World Acquisition by 22.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 228,638 shares of the company’s stock worth $2,478,000 after acquiring an additional 41,375 shares during the period. Finally, Mizuho Securities USA LLC raised its position in shares of Blue World Acquisition by 1.4% in the 4th quarter. Mizuho Securities USA LLC now owns 298,591 shares of the company’s stock worth $3,255,000 after acquiring an additional 4,007 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Blue World Acquisition Price Performance

Blue World Acquisition stock opened at $11.25 on Friday. The stock’s 50 day moving average is $11.19 and its 200 day moving average is $11.05. Blue World Acquisition has a one year low of $10.51 and a one year high of $11.27.

Blue World Acquisition Company Profile

Blue World Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus primarily on businesses in the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related industry segments.