Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Update

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,200 shares, a decline of 50.0% from the March 31st total of 2,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 33,500 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Blue Ocean Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOCN. Meteora Capital LLC boosted its stake in shares of Blue Ocean Acquisition by 2,408.2% in the third quarter. Meteora Capital LLC now owns 327,114 shares of the company’s stock worth $3,507,000 after acquiring an additional 314,072 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Blue Ocean Acquisition in the third quarter valued at about $1,072,000. Wolverine Asset Management LLC purchased a new position in shares of Blue Ocean Acquisition in the third quarter worth about $593,000. Cowen AND Company LLC boosted its position in Blue Ocean Acquisition by 576.0% during the third quarter. Cowen AND Company LLC now owns 297,481 shares of the company’s stock worth $3,189,000 after acquiring an additional 253,475 shares during the last quarter. Finally, Glazer Capital LLC grew its stake in Blue Ocean Acquisition by 2.1% during the 4th quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock valued at $6,330,000 after acquiring an additional 12,290 shares in the last quarter.

Blue Ocean Acquisition Price Performance

Shares of Blue Ocean Acquisition stock remained flat at $11.11 on Friday. The stock had a trading volume of 127,989 shares, compared to its average volume of 61,969. The business has a 50-day simple moving average of $10.99 and a 200-day simple moving average of $10.87. Blue Ocean Acquisition has a 1-year low of $10.47 and a 1-year high of $11.41.

Blue Ocean Acquisition Company Profile

Blue Ocean Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education technology, advertising technology, digital media and enabling technologies, and direct-to-consumer e-commerce businesses.