Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 564 shares, a growth of 209.9% from the May 31st total of 182 shares. Based on an average trading volume of 1,429 shares, the short-interest ratio is presently 0.4 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Blue Acquisition Corp/Cayman stock. Clear Street Group Inc. increased its holdings in Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Free Report) by 57.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 119,235 shares of the company’s stock after buying an additional 43,439 shares during the quarter. Clear Street Group Inc.’s holdings in Blue Acquisition Corp/Cayman were worth $1,254,000 at the end of the most recent reporting period.
Blue Acquisition Corp/Cayman Stock Performance
BACCU stock opened at $11.06 on Tuesday. Blue Acquisition Corp/Cayman has a 12-month low of $10.01 and a 12-month high of $11.75. The company has a 50 day simple moving average of $10.72.
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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