Blue Ocean Acquisition Corp. (NASDAQ:BOCNU – Get Rating) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,700 shares, a drop of 51.4% from the July 15th total of 3,500 shares. Based on an average trading volume of 2,200 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company's stock are sold short.
Blue Ocean Acquisition Price Performance
Shares of NASDAQ:BOCNU remained flat at $10.01 on Thursday. Blue Ocean Acquisition has a fifty-two week low of $9.90 and a fifty-two week high of $10.10. The business's 50-day moving average price is $9.97 and its 200 day moving average price is $9.98.
Get Blue Ocean Acquisition alerts:Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BOCNU. Apollo Management Holdings L.P. purchased a new position in Blue Ocean Acquisition during the 4th quarter worth $18,937,000. Castle Creek Arbitrage LLC purchased a new position in Blue Ocean Acquisition during the 4th quarter worth $6,928,000. Cubist Systematic Strategies LLC purchased a new position in Blue Ocean Acquisition during the 4th quarter worth $6,180,000. Davidson Kempner Capital Management LP purchased a new position in Blue Ocean Acquisition during the 4th quarter worth $5,000,000. Finally, Centiva Capital LP purchased a new position in Blue Ocean Acquisition during the 4th quarter worth $4,995,000.
About Blue Ocean Acquisition
(Get Rating)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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