Blue World Acquisition Co. (NASDAQ:BWAQ – Get Rating) was the target of a significant drop in short interest in the month of December. As of December 30th, there was short interest totalling 400 shares, a drop of 63.6% from the December 15th total of 1,100 shares. Based on an average daily volume of 10,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Blue World Acquisition

Several institutional investors have recently modified their holdings of BWAQ. Glazer Capital LLC acquired a new position in Blue World Acquisition during the first quarter worth about $5,234,000. Cubist Systematic Strategies LLC acquired a new position in Blue World Acquisition during the second quarter worth about $4,481,000. CVI Holdings LLC acquired a new position in Blue World Acquisition during the second quarter worth about $3,462,000. Polar Asset Management Partners Inc. acquired a new position in Blue World Acquisition during the first quarter worth about $3,162,000. Finally, Karpus Management Inc. boosted its position in Blue World Acquisition by 174.2% during the second quarter. Karpus Management Inc. now owns 432,853 shares of the company's stock worth $4,281,000 after acquiring an additional 275,003 shares during the last quarter. Institutional investors and hedge funds own 65.03% of the company's stock.

Blue World Acquisition Stock Performance

Shares of NASDAQ BWAQ remained flat at $10.30 during trading on Thursday. The business's 50-day simple moving average is $10.19 and its 200 day simple moving average is $10.07. Blue World Acquisition has a 1 year low of $9.84 and a 1 year high of $10.78.

About Blue World Acquisition

Blue World Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus primarily on businesses in the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related industry segments.

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