Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 11 shares, a drop 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
NASDAQ BACCU opened at $11.23 on Wednesday. The firm’s fifty day simple moving average is $11.22 and its two-hundred day simple moving average is $10.77. Blue Acquisition Corp/Cayman has a 12-month low of $10.07 and a 12-month high of $11.75.
Hedge Funds Weigh In On Blue Acquisition Corp/Cayman
Institutional investors and hedge funds have recently modified their holdings of the stock. Harraden Circle Investments LLC acquired a new stake in Blue Acquisition Corp/Cayman during the second quarter valued at $562,000. Toronto Dominion Bank increased its stake in Blue Acquisition Corp/Cayman by 85.2% during the 4th 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 during the period. Finally, Clear Street Group Inc. raised its stake in shares of Blue Acquisition Corp/Cayman by 57.3% in 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 in the last quarter.
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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