bleuacacia ltd (NASDAQ:BLEU) Sees Significant Decline in Short Interest

bleuacacia ltd (NASDAQ:BLEU) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,800 shares, a drop of 55.6% from the October 15th total of 6,300 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 2.8 days.

bleuacacia Price Performance

Shares of bleuacacia stock remained flat at $11.03 during trading on Friday. The company had a trading volume of 50 shares, compared to its average volume of 2,333. bleuacacia has a 12 month low of $10.55 and a 12 month high of $11.59. The stock has a 50-day simple moving average of $11.00 and a 200-day simple moving average of $10.85. The stock has a market cap of $83.39 million, a PE ratio of 58.05 and a beta of 0.02.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Robinson Capital Management LLC bought a new position in bleuacacia in the first quarter valued at about $37,000. Quarry LP bought a new position in bleuacacia in the second quarter valued at about $300,000. Finally, Virtu Financial LLC bought a new position in bleuacacia in the first quarter valued at about $397,000. Institutional investors own 13.89% of the company’s stock.

bleuacacia Company Profile

bleuacacia ltd does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of premium branded consumer retail.