Blue Acquisition Corp/Cayman (NASDAQ:BACC) Short Interest Update

Blue Acquisition Corp/Cayman (NASDAQ:BACC) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 5,073 shares, a growth of 215.1% from the April 15th total of 1,610 shares. Based on an average trading volume of 24,103 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Blue Acquisition Corp/Cayman Stock Down 0.4%

BACC stock traded down $0.05 on Thursday, reaching $10.37. The company’s stock had a trading volume of 574 shares, compared to its average volume of 57,706. The company has a fifty day moving average price of $10.24. Blue Acquisition Corp/Cayman has a 12-month low of $9.95 and a 12-month high of $10.50.

Blue Acquisition Corp/Cayman (NASDAQ:BACC) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.07 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Blue Acquisition Corp/Cayman

Several hedge funds and other institutional investors have recently modified their holdings of the stock. TENOR CAPITAL MANAGEMENT Co. L.P. lifted its holdings in Blue Acquisition Corp/Cayman by 9.8% in the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 1,317,152 shares of the company’s stock worth $13,448,000 after buying an additional 117,152 shares during the period. Toronto Dominion Bank grew its holdings in shares of Blue Acquisition Corp/Cayman by 2.1% during the 4th quarter. Toronto Dominion Bank now owns 300,500 shares of the company’s stock worth $3,068,000 after acquiring an additional 6,100 shares during the period. Readystate Asset Management LP bought a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth approximately $1,532,000. Boothbay Fund Management LLC bought a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth approximately $464,000. Finally, Heights Capital Management Inc. purchased a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter valued at approximately $342,000.

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp/Cayman (NASDAQ: BACC) is a special purpose acquisition company (SPAC) organized as a Cayman Islands exempted company. As a blank-check vehicle, its primary business activity is to raise capital through its public listing and use those proceeds to identify, negotiate and complete a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more operating businesses.

Like other SPACs, Blue Acquisition typically holds the funds raised in trust pending the completion of a qualifying business combination and provides public investors with the opportunity to vote on proposed transactions and to seek redemption of their shares in accordance with the company’s governing documents.