Short Interest in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Rises By 209.9%

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 564 shares, an increase of 209.9% from the May 31st total of 182 shares. Based on an average daily volume of 1,429 shares, the short-interest ratio is presently 0.4 days.

Blue Acquisition Corp/Cayman Stock Performance

BACCU stock remained flat at $11.06 during midday trading on Friday. Blue Acquisition Corp/Cayman has a 52 week low of $10.01 and a 52 week high of $11.75. The business has a fifty day simple moving average of $10.71.

Institutional Trading of Blue Acquisition Corp/Cayman

An institutional investor recently raised its position in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank grew its position in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,773 shares of the company’s stock after purchasing an additional 127,773 shares during the period. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 at the end of the most recent reporting period.

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.