Short Interest in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Rises By 1,000.0%

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 11 shares, an increase of 1,000.0% from the June 30th total of 1 shares. Based on an average trading volume of 158 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Blue Acquisition Corp/Cayman stock. Clear Street Group Inc. lifted its stake in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 57.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,235 shares of the company’s stock after buying an additional 43,439 shares during the period. Clear Street Group Inc.’s holdings in Blue Acquisition Corp/Cayman were worth $1,254,000 at the end of the most recent reporting period.

Blue Acquisition Corp/Cayman Stock Performance

NASDAQ:BACCU remained flat at $11.12 during trading hours on Friday. Blue Acquisition Corp/Cayman has a fifty-two week low of $10.07 and a fifty-two week high of $11.75. The company has a 50 day moving average price of $11.02.

Blue Acquisition Corp/Cayman Company Profile

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.