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

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1 shares, a decline of 99.8% from the June 15th total of 564 shares. Based on an average trading volume of 12,623 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Blue Acquisition Corp/Cayman

An institutional investor recently raised its stake in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank raised its position in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,773 shares of the company’s stock after buying an additional 127,773 shares during the period. Toronto Dominion Bank’s holdings in Blue Acquisition Corp/Cayman were worth $2,922,000 as of its most recent filing with the Securities & Exchange Commission.

Blue Acquisition Corp/Cayman Stock Performance

Shares of BACCU stock remained flat at $11.25 during trading hours on Friday. The firm’s 50-day moving average price is $10.85. Blue Acquisition Corp/Cayman has a one year low of $10.01 and a one year high of $11.75.

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.