Blue Safari Group Acquisition Corp. (NASDAQ:BSGA – Get Rating) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 11,700 shares, a drop of 23.5% from the June 15th total of 15,300 shares. Based on an average daily volume of 8,700 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the company are short sold.
Institutional Investors Weigh In On Blue Safari Group Acquisition
Large investors have recently added to or reduced their stakes in the stock. Fifth Lane Capital LP acquired a new stake in Blue Safari Group Acquisition in the fourth quarter worth $100,000. Bluefin Capital Management LLC acquired a new position in shares of Blue Safari Group Acquisition during the fourth quarter valued at $100,000. Logan Stone Capital LLC acquired a new position in shares of Blue Safari Group Acquisition during the fourth quarter valued at $120,000. Glazer Capital LLC acquired a new position in shares of Blue Safari Group Acquisition during the first quarter valued at $298,000. Finally, CSS LLC IL acquired a new position in shares of Blue Safari Group Acquisition during the fourth quarter valued at $299,000. 72.43% of the stock is owned by institutional investors and hedge funds.
Get Blue Safari Group Acquisition alerts:Blue Safari Group Acquisition Price Performance
BSGA remained flat at $10.15 during trading hours on Tuesday. The company had a trading volume of 8,196 shares, compared to its average volume of 1,380. The stock has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $10.05. Blue Safari Group Acquisition has a 52-week low of $9.70 and a 52-week high of $10.90.
Blue Safari Group Acquisition Company Profile
(Get Rating)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.
Further Reading
- Get a free copy of the StockNews.com research report on Blue Safari Group Acquisition (BSGA)
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