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

Blue Acquisition Corp/Cayman (NASDAQ:BACCGet Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 24,785 shares, a growth of 90.1% from the June 15th total of 13,039 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 409,813 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several brokerages recently commented on BACC. Weiss Ratings raised Blue Acquisition Corp/Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. Odean Cap Resea raised Blue Acquisition Corp/Cayman to a “strong-buy” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on Blue Acquisition Corp/Cayman

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Meteora Capital LLC acquired a new stake in shares of Blue Acquisition Corp/Cayman during the 4th quarter valued at $136,000. Stoic Point Capital Management LLC acquired a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth $255,000. HRT Financial LP acquired a new position in shares of Blue Acquisition Corp/Cayman in the 4th quarter worth $318,000. Heights Capital Management Inc. acquired a new stake in shares of Blue Acquisition Corp/Cayman during the fourth quarter worth $342,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Blue Acquisition Corp/Cayman during the fourth quarter worth $464,000.

Blue Acquisition Corp/Cayman Trading Up 0.5%

Blue Acquisition Corp/Cayman stock traded up $0.06 during midday trading on Friday, hitting $10.64. The company’s stock had a trading volume of 7,576 shares, compared to its average volume of 117,369. Blue Acquisition Corp/Cayman has a 12 month low of $9.95 and a 12 month high of $11.10. The business’s 50-day simple moving average is $10.53.

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

Blue Acquisition Corp/Cayman Company Profile

(Get Free Report)

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.

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