Blue Safari Group Acquisition Corp. (NASDAQ:BSGA – Get Rating) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 15,300 shares, an increase of 36.6% from the May 31st total of 11,200 shares. Based on an average daily trading volume, of 8,600 shares, the short-interest ratio is currently 1.8 days. Currently, 0.4% of the company's stock are short sold.

Shares of BSGA stock opened at $10.12 on Tuesday. Blue Safari Group Acquisition has a 1-year low of $9.70 and a 1-year high of $10.90. The stock's 50-day moving average is $10.10 and its 200 day moving average is $10.04.

Hedge funds have recently added to or reduced their stakes in the business. Kepos Capital LP purchased a new position in Blue Safari Group Acquisition during the 4th quarter worth $4,826,000. Taconic Capital Advisors LP acquired a new position in shares of Blue Safari Group Acquisition during the first quarter valued at about $3,323,000. Mizuho Securities USA LLC purchased a new position in shares of Blue Safari Group Acquisition in the 1st quarter valued at approximately $3,281,000. Davidson Kempner Capital Management LP acquired a new stake in Blue Safari Group Acquisition in the 4th quarter worth approximately $3,083,000. Finally, Yakira Capital Management Inc. grew 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 purchasing an additional 98,349 shares during the last quarter. 72.43% of the stock is owned by institutional investors and hedge funds.

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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