Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Shares Shorted: Short Interest Up 5,436.4% in October

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 609 shares, an increase of 5,436.4% from the September 30th total of 11 shares. Based on an average daily volume of 597 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Blue Acquisition Corp/Cayman

An institutional investor recently bought a new position in Blue Acquisition Corp/Cayman stock. Harraden Circle Investments LLC acquired a new stake in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the company’s stock, valued at approximately $562,000.

Blue Acquisition Corp/Cayman Stock Down 0.6%

Shares of BACCU stock opened at $10.71 on Wednesday. The stock’s 50-day moving average is $10.95 and its two-hundred day moving average is $10.80. Blue Acquisition Corp/Cayman has a 1 year low of $10.24 and a 1 year high of $11.75.

Blue Acquisition Corp/Cayman Company Profile

Blue Acquisition Corp. is a Cayman Islands–incorporated special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.

Unlike an operating company, Blue Acquisition Corp. does not offer products or services and does not conduct a substantial commercial business of its own. Its activities are primarily focused on evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company’s securities include units traded on Nasdaq under the symbol BACCU.