Short Interest in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Rises By 3,636.4%

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 411 shares, an increase of 3,636.4% from the July 15th total of 11 shares. Based on an average trading volume of 235 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On Blue Acquisition Corp/Cayman

A hedge fund recently raised its position in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank raised its stake in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 277,773 shares of the company’s stock after buying an additional 127,773 shares during the quarter. 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

Shares of NASDAQ:BACCU opened at $11.23 on Wednesday. The stock’s 50 day moving average price is $11.18. Blue Acquisition Corp/Cayman has a 12 month low of $10.07 and a 12 month high of $11.75.

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.