Short Interest in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Declines By 99.8%

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

Blue Acquisition Corp/Cayman Stock Performance

BACCU stock remained flat at $11.25 during midday trading on Friday. 10 shares of the company’s stock were exchanged, compared to its average volume of 17,501. The stock has a 50 day moving average price of $10.85. Blue Acquisition Corp/Cayman has a 1 year low of $10.01 and a 1 year high of $11.75.

Hedge Funds Weigh In On Blue Acquisition Corp/Cayman

An institutional investor recently raised its stake in Blue Acquisition Corp/Cayman stock. Clear Street Group Inc. increased its stake in shares of Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 57.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,235 shares of the company’s stock after acquiring an additional 43,439 shares during the period. Clear Street Group Inc.’s holdings in Blue Acquisition Corp/Cayman were worth $1,254,000 as of its most recent SEC filing.

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.