Blue Whale Acquisition Corp I (NASDAQ:BWC – Get Rating) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 38,000 shares, a decrease of 40.5% from the September 30th total of 63,900 shares. Based on an average daily volume of 62,100 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company's shares are sold short.
Institutional Trading of Blue Whale Acquisition Corp I
Hedge funds have recently modified their holdings of the stock. Security Benefit Life Insurance Co. KS acquired a new stake in Blue Whale Acquisition Corp I in the second quarter valued at $4,835,000. JPMorgan Chase & Co. acquired a new stake in Blue Whale Acquisition Corp I in the first quarter valued at $2,438,000. Millennium Management LLC raised its stake in Blue Whale Acquisition Corp I by 31.9% in the second quarter. Millennium Management LLC now owns 878,702 shares of the company's stock valued at $8,497,000 after buying an additional 212,696 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Blue Whale Acquisition Corp I during the second quarter worth about $1,974,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of Blue Whale Acquisition Corp I during the first quarter worth about $1,953,000.
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Blue Whale Acquisition Corp I Stock Down 0.2 %
NASDAQ:BWC traded down $0.02 during trading hours on Friday, reaching $9.73. 14,613 shares of the stock were exchanged, compared to its average volume of 35,791. The business has a 50-day moving average of $9.69 and a two-hundred day moving average of $9.70. Blue Whale Acquisition Corp I has a twelve month low of $9.58 and a twelve month high of $10.30.
Blue Whale Acquisition Corp I (NASDAQ:BWC – Get Rating) last announced its quarterly earnings data on Friday, August 12th. The company reported $0.05 earnings per share (EPS) for the quarter.
Blue Whale Acquisition Corp I Company Profile
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Blue Whale Acquisition Corp I does not have significant operations. The company intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on identifying those businesses operating in the media, entertainment, and technology industries.
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