Short Interest in Blue World Acquisition Co. (NASDAQ:BWAQ) Rises By 1,150.0%

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

Blue World Acquisition Price Performance

Shares of NASDAQ BWAQ opened at $11.25 on Friday. The firm’s 50-day moving average is $11.19 and its two-hundred day moving average is $11.05. Blue World Acquisition has a 12-month low of $10.51 and a 12-month high of $11.27.

Institutional Investors Weigh In On Blue World Acquisition

Large investors have recently bought and sold shares of the stock. Cowen AND Company LLC purchased a new stake in shares of Blue World Acquisition in the third quarter valued at $279,000. Wolverine Asset Management LLC lifted its holdings in Blue World Acquisition by 22.1% in the 3rd quarter. Wolverine Asset Management LLC now owns 228,638 shares of the company’s stock valued at $2,478,000 after purchasing an additional 41,375 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Blue World Acquisition by 1.4% during the 4th quarter. Mizuho Securities USA LLC now owns 298,591 shares of the company’s stock worth $3,255,000 after purchasing an additional 4,007 shares during the last quarter. Quarry LP purchased a new stake in shares of Blue World Acquisition during the fourth quarter worth about $496,000. Finally, Spartan Fund Management Inc. acquired a new position in shares of Blue World Acquisition in the first quarter valued at approximately $182,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.