Blue Safari Group Acquisition Corp. (NASDAQ:BSGA – Get Rating) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 11,700 shares, a decline of 23.5% from the June 15th total of 15,300 shares. Approximately 0.3% of the company's stock are short sold. Based on an average trading volume of 8,700 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On Blue Safari Group Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kepos Capital LP bought a new stake in Blue Safari Group Acquisition during the 4th quarter worth about $4,826,000. Taconic Capital Advisors LP bought a new stake in Blue Safari Group Acquisition during the 1st quarter worth about $3,323,000. Mizuho Securities USA LLC bought a new stake in Blue Safari Group Acquisition during the 1st quarter worth about $3,281,000. Davidson Kempner Capital Management LP bought a new stake in Blue Safari Group Acquisition during the 4th quarter worth about $3,083,000. Finally, Yakira Capital Management Inc. lifted its position in Blue Safari Group Acquisition by 138.1% during the 1st quarter. Yakira Capital Management Inc. now owns 169,586 shares of the company's stock worth $1,706,000 after buying an additional 98,349 shares in the last quarter. 72.43% of the stock is owned by institutional investors.

Blue Safari Group Acquisition Price Performance

Shares of NASDAQ:BSGA opened at $10.16 on Thursday. The company's 50-day moving average price is $10.11 and its two-hundred day moving average price is $10.05. Blue Safari Group Acquisition has a one year low of $9.70 and a one year high of $10.90.

About Blue Safari Group Acquisition

Blue Safari Group Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the FinTech, InfoTech, and InsurTech sectors. The company was incorporated in 2021 and is based in Central, Hong Kong.

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