Blue Ocean Acquisition Corp. (NASDAQ:BOCN – Get Rating) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 600 shares, a drop of 14.3% from the December 31st total of 700 shares. Based on an average daily volume of 48,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Blue Ocean Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of BOCN. Calamos Advisors LLC acquired a new stake in shares of Blue Ocean Acquisition in the 4th quarter valued at about $12,850,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Blue Ocean Acquisition in the 1st quarter valued at about $6,435,000. Saba Capital Management L.P. bought a new position in shares of Blue Ocean Acquisition in the 1st quarter valued at about $4,061,000. Bank of America Corp DE bought a new position in shares of Blue Ocean Acquisition in the 1st quarter valued at about $4,059,000. Finally, Radcliffe Capital Management L.P. bought a new position in shares of Blue Ocean Acquisition in the 1st quarter valued at about $3,689,000. Institutional investors and hedge funds own 59.24% of the company's stock.

Blue Ocean Acquisition Price Performance

BOCN opened at $10.32 on Friday. The business's 50-day moving average price is $10.25 and its two-hundred day moving average price is $10.10. Blue Ocean Acquisition has a 1 year low of $9.80 and a 1 year high of $10.80.

About Blue Ocean Acquisition

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. It intends to concentrate its sourcing efforts 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.

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