Blue Whale Acquisition Corp I (NASDAQ:BWC – Get Rating) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 12,300 shares, a drop of 67.6% from the October 15th total of 38,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 66,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Guggenheim Capital LLC grew its holdings in shares of Blue Whale Acquisition Corp I by 1.6% during the first quarter. Guggenheim Capital LLC now owns 2,087,092 shares of the company's stock worth $20,244,000 after purchasing an additional 31,983 shares in the last quarter. Millennium Management LLC lifted its position in Blue Whale Acquisition Corp I by 31.9% in the 2nd quarter. Millennium Management LLC now owns 878,702 shares of the company's stock worth $8,497,000 after buying an additional 212,696 shares during the last quarter. Security Benefit Life Insurance Co. KS bought a new stake in Blue Whale Acquisition Corp I in the 2nd quarter worth approximately $4,835,000. Sculptor Capital LP lifted its position in Blue Whale Acquisition Corp I by 0.4% in the 2nd quarter. Sculptor Capital LP now owns 451,685 shares of the company's stock worth $4,368,000 after buying an additional 1,685 shares during the last quarter. Finally, CSS LLC IL lifted its position in Blue Whale Acquisition Corp I by 78.0% in the 2nd quarter. CSS LLC IL now owns 386,291 shares of the company's stock worth $3,736,000 after buying an additional 169,331 shares during the last quarter.

Blue Whale Acquisition Corp I Stock Performance

BWC stock remained flat at $9.72 during mid-day trading on Friday. Blue Whale Acquisition Corp I has a 12-month low of $9.58 and a 12-month high of $10.30. The company has a fifty day moving average price of $9.70 and a 200 day moving average price of $9.70.

Blue Whale Acquisition Corp I Company Profile

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Blue Whale Acquisition Corp I does not have significant operations. The company intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying those businesses operating in the media, entertainment, and technology industries.

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