Blue Safari Group Acquisition Corp. (NASDAQ:BSGA – Get Rating) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 9,200 shares, a drop of 21.4% from the June 30th total of 11,700 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the company's shares are short sold.

Blue Safari Group Acquisition Price Performance

Shares of NASDAQ BSGA opened at $10.17 on Wednesday. The business's 50 day moving average is $10.13 and its two-hundred day moving average is $10.07. Blue Safari Group Acquisition has a 52-week low of $9.70 and a 52-week high of $10.90.

Institutional Investors Weigh In On Blue Safari Group Acquisition

Institutional investors and hedge funds have recently modified their holdings of the company. Fifth Lane Capital LP acquired a new position in Blue Safari Group Acquisition in the 4th quarter valued at about $100,000. Kepos Capital LP purchased a new position in shares of Blue Safari Group Acquisition in the fourth quarter valued at approximately $4,826,000. Davidson Kempner Capital Management LP acquired a new position in shares of Blue Safari Group Acquisition in the fourth quarter valued at approximately $3,083,000. CSS LLC IL purchased a new stake in Blue Safari Group Acquisition during the 4th quarter worth approximately $299,000. Finally, OTA Financial Group L.P. acquired a new stake in Blue Safari Group Acquisition during the 1st quarter worth approximately $602,000. Hedge funds and other institutional investors own 72.43% of the company's stock.

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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