Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Down 58.3% in March

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a drop of 58.3% from the February 29th total of 2,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Meteora Capital LLC boosted its stake in Blue Ocean Acquisition by 2,408.2% during the 3rd quarter. Meteora Capital LLC now owns 327,114 shares of the company’s stock worth $3,507,000 after acquiring an additional 314,072 shares during the last quarter. Berkley W R Corp boosted its stake in Blue Ocean Acquisition by 51.6% during the 2nd quarter. Berkley W R Corp now owns 1,176,689 shares of the company’s stock worth $12,438,000 after acquiring an additional 400,639 shares during the last quarter. Kim LLC boosted its stake in Blue Ocean Acquisition by 6.3% during the 2nd quarter. Kim LLC now owns 256,700 shares of the company’s stock worth $2,713,000 after acquiring an additional 15,200 shares during the last quarter. Spartan Fund Management Inc. bought a new position in Blue Ocean Acquisition during the 3rd quarter worth approximately $1,072,000. Finally, Wolverine Asset Management LLC bought a new position in Blue Ocean Acquisition during the 3rd quarter worth approximately $593,000.

Blue Ocean Acquisition Stock Up 0.6 %

NASDAQ:BOCN traded up $0.07 during mid-day trading on Thursday, reaching $11.05. 2,227 shares of the company were exchanged, compared to its average volume of 51,655. Blue Ocean Acquisition has a 12 month low of $10.42 and a 12 month high of $11.41. The company has a fifty day moving average of $10.92 and a 200 day moving average of $10.82.

About Blue Ocean Acquisition

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education technology, advertising technology, digital media and enabling technologies, and direct-to-consumer e-commerce businesses.