Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) saw a large increase in short interest in 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 volume of 235 shares, the short-interest ratio is presently 1.7 days.
Blue Acquisition Corp/Cayman Price Performance
Shares of Blue Acquisition Corp/Cayman stock remained flat at $11.23 during trading hours on Tuesday. Blue Acquisition Corp/Cayman has a fifty-two week low of $10.07 and a fifty-two week high of $11.75. The firm’s fifty day moving average price is $11.17.
Institutional Trading of Blue Acquisition Corp/Cayman
A hedge fund recently raised its position in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank raised its stake in Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Free Report) by 85.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.
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.
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