bleuacacia ltd (NASDAQ:BLEU) Sees Significant Growth in Short Interest

bleuacacia ltd (NASDAQ:BLEU) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,000 shares, an increase of 25.0% from the June 30th total of 1,600 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of bleuacacia

A number of hedge funds and other institutional investors have recently made changes to their positions in BLEU. Virtu Financial LLC bought a new position in shares of bleuacacia in the first quarter valued at $397,000. Robinson Capital Management LLC purchased a new stake in shares of bleuacacia during the first quarter valued at $37,000. Tuttle Capital Management LLC acquired a new stake in bleuacacia during the 1st quarter worth about $320,000. Finally, Quarry LP purchased a new stake in bleuacacia during the fourth quarter valued at about $300,000. 13.89% of the stock is currently owned by institutional investors.

bleuacacia Stock Performance

BLEU stock traded up $0.16 on Tuesday, reaching $11.02. The company’s stock had a trading volume of 5,594 shares, compared to its average volume of 6,504. The firm has a fifty day moving average of $10.76 and a two-hundred day moving average of $10.75. bleuacacia has a 52 week low of $10.30 and a 52 week high of $11.40.

bleuacacia (NASDAQ:BLEU) last announced its earnings results on Monday, May 20th. The company reported ($0.05) EPS for the quarter.

bleuacacia Company Profile

bleuacacia ltd does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of premium branded consumer retail.