bleuacacia ltd (NASDAQ:BLEU – Get Rating) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 34,500 shares, a growth of 114.3% from the August 31st total of 16,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 43,700 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BLEU. Wolverine Asset Management LLC purchased a new position in shares of bleuacacia during the first quarter valued at approximately $30,000. Sage Mountain Advisors LLC purchased a new stake in bleuacacia during the first quarter valued at approximately $54,000. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in bleuacacia during the first quarter valued at approximately $179,000. CI Investments Inc. purchased a new stake in bleuacacia during the first quarter valued at approximately $291,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in bleuacacia during the first quarter valued at approximately $292,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

bleuacacia Price Performance

BLEU opened at $9.86 on Friday. The firm has a 50 day moving average price of $9.82 and a 200-day moving average price of $9.78. bleuacacia has a twelve month low of $9.61 and a twelve month high of $9.95.

bleuacacia Company Profile

bleuacacia ltd does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of premium branded consumer retail.

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