Blue Acquisition Corp/Cayman (NASDAQ:BACC) Stock Short Interest Declines 76.6%

Blue Acquisition Corp/Cayman (NASDAQ:BACC – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,836 shares, a decline of 76.6% from the September 15th total of 7,860 shares. Based on an average daily trading volume, of 202,366 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Blue Acquisition Corp/Cayman Price Performance

Blue Acquisition Corp/Cayman stock opened at $10.44 on Friday. The company has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $10.45. Blue Acquisition Corp/Cayman has a 1-year low of $10.00 and a 1-year high of $11.10.

Blue Acquisition Corp/Cayman (NASDAQ:BACC – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter.

Analyst Ratings Changes

BACC has been the topic of several research reports. Weiss Ratings upgraded shares of Blue Acquisition Corp/Cayman from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. Odeon Capital Group upgraded Blue Acquisition Corp/Cayman to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Blue Acquisition Corp/Cayman to a “hold” rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on Blue Acquisition Corp/Cayman

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MYDA Advisors LLC bought a new position in Blue Acquisition Corp/Cayman in the fourth quarter valued at approximately $756,000. Governors Lane LP increased its holdings in shares of Blue Acquisition Corp/Cayman by 50.0% in the fourth quarter. Governors Lane LP now owns 300,000 shares of the company’s stock valued at $3,063,000 after purchasing an additional 100,000 shares during the last quarter. Lineage Point Capital LP acquired a new position in Blue Acquisition Corp/Cayman in the 4th quarter valued at about $4,404,000. Berkley W R Corp grew its position in shares of Blue Acquisition Corp/Cayman by 40.6% in the first quarter. Berkley W R Corp now owns 441,650 shares of the company’s stock valued at $4,509,000 after purchasing an additional 127,428 shares during the last quarter. Finally, Radcliffe Capital Management L.P. grew its holdings in Blue Acquisition Corp/Cayman by 9.4% in the 4th quarter. Radcliffe Capital Management L.P. now owns 524,100 shares of the company’s stock valued at $5,351,000 after buying an additional 44,880 shares in the last quarter.

Blue Acquisition Corp/Cayman Company Profile

(Get Free Report)

Blue Acquisition Corp. is a Cayman Islands-incorporated special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol BACC. Unlike an operating company, it was formed to raise capital through a public offering and pursue a business combination with an existing private company.

The company’s proposed transaction could take the form of a merger, share exchange, asset acquisition, reorganization or similar combination. Until a transaction is completed, Blue Acquisition Corp.

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