Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Short Interest Down 97.1% in April

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 183 shares, a decline of 97.1% from the April 15th total of 6,244 shares. Based on an average trading volume of 13,682 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Blue Acquisition Corp/Cayman

An institutional investor recently raised its position in Blue Acquisition Corp/Cayman stock. Clear Street Group Inc. raised its holdings in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 $10.48 during midday trading on Tuesday. Blue Acquisition Corp/Cayman has a fifty-two week low of $10.01 and a fifty-two week high of $11.75. The stock’s 50 day moving average is $10.44.

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.