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Short Interest in Blue Whale Acquisition Corp I (NASDAQ:BWC) Drops By 16.9%

Financial News Live ·  Jan 20, 2023 22:01

Blue Whale Acquisition Corp I (NASDAQ:BWC – Get Rating) was the target of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 24,100 shares, a decrease of 16.9% from the December 15th total of 29,000 shares. Based on an average trading volume of 41,400 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company's stock are short sold.

Blue Whale Acquisition Corp I Stock Up 0.1 %

Shares of BWC stock traded up $0.01 during trading hours on Friday, reaching $9.84. The company had a trading volume of 6,000 shares, compared to its average volume of 152,755. Blue Whale Acquisition Corp I has a 12 month low of $9.58 and a 12 month high of $10.30. The business has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $9.72.

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Blue Whale Acquisition Corp I (NASDAQ:BWC – Get Rating) last posted its earnings results on Monday, November 14th. The company reported $0.02 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Guggenheim Capital LLC lifted its holdings in Blue Whale Acquisition Corp I by 1.6% during the first quarter. Guggenheim Capital LLC now owns 2,087,092 shares of the company's stock worth $20,244,000 after acquiring an additional 31,983 shares during the period. Marshall Wace LLP lifted its holdings in Blue Whale Acquisition Corp I by 14.1% during the third quarter. Marshall Wace LLP now owns 999,620 shares of the company's stock worth $9,686,000 after acquiring an additional 123,200 shares during the period. Millennium Management LLC lifted its holdings in Blue Whale Acquisition Corp I by 31.9% during the second quarter. Millennium Management LLC now owns 878,702 shares of the company's stock worth $8,497,000 after acquiring an additional 212,696 shares during the period. RP Investment Advisors LP bought a new stake in Blue Whale Acquisition Corp I during the third quarter worth $5,532,000. Finally, Security Benefit Life Insurance Co. KS bought a new stake in Blue Whale Acquisition Corp I during the second quarter worth $4,835,000.

About Blue Whale Acquisition Corp I

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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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