Blue Ocean Acquisition Corp. (NASDAQ:BOCN – Get Rating) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 500 shares, a decline of 16.7% from the October 31st total of 600 shares. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Glazer Capital LLC lifted its holdings in shares of Blue Ocean Acquisition by 150.3% during the third quarter. Glazer Capital LLC now owns 34,390 shares of the company's stock worth $344,000 after buying an additional 20,652 shares during the last quarter. Walleye Trading LLC bought a new stake in shares of Blue Ocean Acquisition during the first quarter valued at approximately $802,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Blue Ocean Acquisition during the first quarter valued at approximately $838,000. Wolverine Asset Management LLC increased its position in shares of Blue Ocean Acquisition by 6,298.1% during the second quarter. Wolverine Asset Management LLC now owns 98,722 shares of the company's stock valued at $987,000 after purchasing an additional 97,179 shares during the period. Finally, Gabelli Funds LLC bought a new stake in shares of Blue Ocean Acquisition during the first quarter valued at approximately $1,142,000. 57.66% of the stock is currently owned by institutional investors and hedge funds.

Blue Ocean Acquisition Price Performance

Shares of BOCN stock remained flat at $10.19 during trading hours on Friday. The stock had a trading volume of 295,402 shares, compared to its average volume of 6,996. Blue Ocean Acquisition has a one year low of $9.80 and a one year high of $10.45. The business's fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $10.00.

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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