Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) was the target of a significant increase in short interest in 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 presently 0.1 days.
Blue Acquisition Corp/Cayman Stock Performance
Shares of Blue Acquisition Corp/Cayman stock remained flat at $11.12 on Friday. 602 shares of the stock were exchanged, compared to its average volume of 15,976. Blue Acquisition Corp/Cayman has a twelve month low of $10.07 and a twelve month high of $11.75. The company has a fifty day simple moving average of $11.02.
Institutional Trading of Blue Acquisition Corp/Cayman
An institutional investor recently raised its stake in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank boosted its stake in Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Free Report) by 85.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 277,773 shares of the company’s stock after buying 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 SEC.
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.
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