bleuacacia ltd (NASDAQ:BLEU) Sees Large Increase in Short Interest

bleuacacia ltd (NASDAQ:BLEU – Get Rating) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,400 shares, an increase of 366.7% from the April 30th total of 300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 99,100 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On bleuacacia

A number of large investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in shares of bleuacacia by 395.1% during the 4th quarter. UBS Group AG now owns 2,941 shares of the company’s stock worth $30,000 after acquiring an additional 2,347 shares during the last quarter. Kohlberg Kravis Roberts & Co. L.P. bought a new position in bleuacacia in the 1st quarter worth $179,000. Glazer Capital LLC bought a new position in bleuacacia in the 1st quarter worth $298,000. Karpus Management Inc. bought a new position in bleuacacia in the 1st quarter worth $343,000. Finally, Virtu Financial LLC bought a new position in bleuacacia in the 4th quarter worth $346,000. Institutional investors own 69.52% of the company’s stock.

bleuacacia Trading Down 2.4 %

NASDAQ:BLEU traded down $0.25 during trading hours on Friday, reaching $10.35. The company had a trading volume of 11,715 shares, compared to its average volume of 155,716. bleuacacia has a 52 week low of $9.72 and a 52 week high of $11.05. The firm’s 50 day moving average price is $10.26 and its 200-day moving average price is $10.14.

bleuacacia Company Profile

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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.