Short Interest in bleuacacia ltd (NASDAQ:BLEU) Grows By 6.8%

bleuacacia ltd (NASDAQ:BLEU) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 6,300 shares, a growth of 6.8% from the September 30th total of 5,900 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 9.0 days.

Hedge Funds Weigh In On bleuacacia

Several hedge funds and other institutional investors have recently made changes to their positions in BLEU. Quarry LP acquired a new position in bleuacacia in the 2nd quarter valued at $300,000. Virtu Financial LLC acquired a new stake in shares of bleuacacia in the first quarter valued at about $397,000. Finally, Robinson Capital Management LLC purchased a new position in shares of bleuacacia in the first quarter worth about $37,000. Hedge funds and other institutional investors own 13.89% of the company’s stock.

bleuacacia Stock Performance

Shares of BLEU traded down $0.10 during mid-day trading on Thursday, hitting $11.05. 202 shares of the company were exchanged, compared to its average volume of 5,536. bleuacacia has a 1-year low of $10.55 and a 1-year high of $11.59. The stock has a market cap of $83.49 million, a price-to-earnings ratio of 57.84 and a beta of 0.02. The company has a 50 day moving average of $10.95 and a 200-day moving average of $10.83.

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.