Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Stock Short Interest Report for October

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 609 shares, a growth of 5,436.4% from the September 30th total of 11 shares. Based on an average daily volume of 597 shares, the days-to-cover ratio is currently 1.0 days.

Blue Acquisition Corp/Cayman Price Performance

Shares of BACCU remained flat at $10.78 during midday trading on Tuesday. The stock had a trading volume of 565 shares, compared to its average volume of 11,886. Blue Acquisition Corp/Cayman has a 1-year low of $10.24 and a 1-year high of $11.75. The stock’s 50-day moving average is $10.97 and its two-hundred day moving average is $10.80.

Institutional Trading of Blue Acquisition Corp/Cayman

A hedge fund recently bought a new stake in Blue Acquisition Corp/Cayman stock. Harraden Circle Investments LLC bought a new position in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 50,000 shares of the company’s stock, valued at approximately $562,000.

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp. is a Cayman Islands–incorporated special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.

Unlike an operating company, Blue Acquisition Corp. does not offer products or services and does not conduct a substantial commercial business of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company’s securities include units traded on Nasdaq under the symbol BACCU.