Short Interest in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) Drops By 97.1%

Blue Acquisition Corp/Cayman (NASDAQ:BACCU) saw a significant decline in short interest in 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 daily volume of 13,682 shares, the days-to-cover ratio is currently 0.0 days.

Blue Acquisition Corp/Cayman Price Performance

BACCU remained flat at $10.50 on Wednesday. 313 shares of the company were exchanged, compared to its average volume of 16,635. Blue Acquisition Corp/Cayman has a 1-year low of $10.01 and a 1-year high of $11.75. The stock has a 50-day moving average of $10.44.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Blue Acquisition Corp/Cayman stock. Toronto Dominion Bank boosted its holdings in Blue Acquisition Corp/Cayman (NASDAQ:BACCU) by 85.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 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.