bleuacacia ltd (NASDAQ:BLEU – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,600 shares, a drop of 20.0% from the July 15th total of 2,000 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 2.0 days.
Institutional Investors Weigh In On bleuacacia
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of bleuacacia during the second quarter valued at about $300,000. Virtu Financial LLC acquired a new position in bleuacacia in the 1st quarter valued at approximately $397,000. Robinson Capital Management LLC bought a new stake in shares of bleuacacia in the 1st quarter worth approximately $37,000. Finally, Tuttle Capital Management LLC acquired a new stake in shares of bleuacacia during the 1st quarter worth approximately $320,000. Institutional investors and hedge funds own 13.89% of the company’s stock.
bleuacacia Price Performance
Shares of NASDAQ:BLEU remained flat at $10.83 during midday trading on Friday. The stock had a trading volume of 46 shares, compared to its average volume of 6,226. The stock’s fifty day moving average is $10.80 and its 200 day moving average is $10.75. The firm has a market capitalization of $81.83 million, a PE ratio of 56.32 and a beta of 0.02. bleuacacia has a 12 month low of $10.37 and a 12 month high of $11.40.
About bleuacacia
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.
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