Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Short Interest Up 3,636.4% in July

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 411 shares, an increase of 3,636.4% from the July 15th total of 11 shares. Based on an average daily trading volume, of 235 shares, the days-to-cover ratio is presently 1.7 days.

Blue Acquisition Corp/Cayman Stock Performance

BACCU stock remained flat at $11.23 during midday trading on Tuesday. The company’s 50 day simple moving average is $11.17. Blue Acquisition Corp/Cayman has a twelve month low of $10.07 and a twelve month high of $11.75.

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 holdings in 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 SEC. The institutional investor owned 277,773 shares of the company’s stock after purchasing an additional 127,773 shares during the quarter. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 at the end of the most recent quarter.

Blue Acquisition Corp/Cayman Company Profile

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.