Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Short Interest Update

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 564 shares, an increase of 209.9% from the May 31st total of 182 shares. Based on an average trading volume of 1,429 shares, the days-to-cover ratio is currently 0.4 days.

Blue Acquisition Corp/Cayman Price Performance

Blue Acquisition Corp/Cayman stock remained flat at $11.06 during midday trading on Friday. Blue Acquisition Corp/Cayman has a one year low of $10.01 and a one year high of $11.75. The firm has a 50 day moving average of $10.71.

Institutional Trading of Blue Acquisition Corp/Cayman

A hedge fund recently raised its position in Blue Acquisition Corp/Cayman stock. Clear Street Group Inc. lifted its position in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 57.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 119,235 shares of the company’s stock after buying an additional 43,439 shares during the quarter. Clear Street Group Inc.’s holdings in Blue Acquisition Corp/Cayman were worth $1,254,000 at the end of the most recent quarter.

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.