Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Shares Shorted: Short Interest Down 82.8% in October

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 105 shares, a decrease of 82.8% from the October 15th total of 609 shares. Based on an average daily trading volume, of 315 shares, the days-to-cover ratio is presently 0.3 days.

Blue Acquisition Corp/Cayman Trading Up 2.2%

Shares of BACCU traded up $0.24 during mid-day trading on Thursday, reaching $10.92. 900 shares of the company’s stock traded hands, compared to its average volume of 10,809. The stock’s 50-day moving average is $10.85 and its two-hundred day moving average is $10.79. Blue Acquisition Corp/Cayman has a 12 month low of $10.35 and a 12 month high of $11.75.

Institutional Inflows and Outflows

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

About Blue Acquisition Corp/Cayman

Blue Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. It was formed to pursue a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a SPAC, Blue Acquisition Corp. does not have an established operating business or sell products and services. Its principal activity is identifying and completing a business combination. Information about the company’s target industries, operating activities and leadership is not included here because it could not be confirmed reliably.