Blue Acquisition Corp/Cayman (NASDAQ:BACCU – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 11 shares, a decrease of 97.3% from the July 30th total of 411 shares. Based on an average daily volume of 1 shares, the days-to-cover ratio is currently 11.0 days.
Institutional Trading of Blue Acquisition Corp/Cayman
Several institutional investors and hedge funds have recently modified their holdings of BACCU. Clear Street Group Inc. boosted its position in shares of Blue Acquisition Corp/Cayman by 57.3% during the 4th quarter. Clear Street Group Inc. now owns 119,235 shares of the company’s stock valued at $1,254,000 after acquiring an additional 43,439 shares during the last quarter. Toronto Dominion Bank raised its stake in Blue Acquisition Corp/Cayman by 85.2% in the fourth quarter. Toronto Dominion Bank now owns 277,773 shares of the company’s stock valued at $2,922,000 after purchasing an additional 127,773 shares in the last quarter. Finally, Harraden Circle Investments LLC purchased a new stake in Blue Acquisition Corp/Cayman in the second quarter valued at approximately $562,000.
Blue Acquisition Corp/Cayman Stock Performance
NASDAQ:BACCU remained flat at $11.23 during trading hours on Tuesday. Blue Acquisition Corp/Cayman has a 1-year low of $10.07 and a 1-year high of $11.75. The firm has a 50 day moving average of $11.22 and a two-hundred day moving average of $10.77.
About Blue Acquisition Corp/Cayman
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.
See Also
- Five stocks we like better than Blue Acquisition Corp/Cayman
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Blue Acquisition Corp/Cayman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Acquisition Corp/Cayman and related companies with MarketBeat.com's FREE daily email newsletter.
