Blue World Acquisition Co. (NASDAQ:BWAQ – Get Rating) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 700 shares, a decrease of 36.4% from the January 15th total of 1,100 shares. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Blue World Acquisition Stock Performance
Shares of NASDAQ:BWAQ traded up $0.03 during midday trading on Monday, reaching $10.37. The company's stock had a trading volume of 600 shares, compared to its average volume of 5,408. The business's fifty day simple moving average is $10.24 and its 200-day simple moving average is $10.12. Blue World Acquisition has a fifty-two week low of $9.84 and a fifty-two week high of $10.80.
Get Blue World Acquisition alerts:Institutional Trading of Blue World Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wolverine Asset Management LLC lifted its stake in shares of Blue World Acquisition by 50.0% during the third quarter. Wolverine Asset Management LLC now owns 25,735 shares of the company's stock valued at $258,000 after acquiring an additional 8,575 shares during the period. Mizuho Securities USA LLC raised its holdings in Blue World Acquisition by 7.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 530,506 shares of the company's stock worth $5,220,000 after purchasing an additional 35,906 shares during the last quarter. Centiva Capital LP acquired a new position in Blue World Acquisition during the 3rd quarter valued at about $373,000. Hudson Bay Capital Management LP boosted its stake in shares of Blue World Acquisition by 12.9% in the 2nd quarter. Hudson Bay Capital Management LP now owns 875,000 shares of the company's stock valued at $8,698,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Blue World Acquisition during the 2nd quarter worth approximately $1,098,000. Institutional investors and hedge funds own 65.03% of the company's stock.
About Blue World Acquisition
(Get Rating)Blue World Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus primarily on businesses in the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related industry segments.
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