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

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 11 shares, an increase of 1,000.0% from the June 30th total of 1 shares. Based on an average trading volume of 158 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Blue Acquisition Corp/Cayman

A hedge fund recently raised its stake in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank boosted its stake in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277,773 shares of the company’s stock after acquiring an additional 127,773 shares during the quarter. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 as of its most recent filing with the Securities and Exchange Commission.

Blue Acquisition Corp/Cayman Price Performance

BACCU stock remained flat at $11.12 during mid-day trading on Friday. The company’s stock had a trading volume of 602 shares, compared to its average volume of 15,976. The stock’s fifty day moving average is $11.02. Blue Acquisition Corp/Cayman has a 52 week low of $10.07 and a 52 week high of $11.75.

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.