Blue World Acquisition Co. (NASDAQ:BWAQ – Get Rating) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 800 shares, a growth of 14.3% from the January 31st total of 700 shares. Based on an average trading volume of 3,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On Blue World Acquisition
Hedge funds have recently added to or reduced their stakes in the business. Glazer Capital LLC purchased a new stake in shares of Blue World Acquisition during the first quarter worth about $5,234,000. Cubist Systematic Strategies LLC bought a new stake in Blue World Acquisition during the second quarter valued at $4,481,000. CVI Holdings LLC bought a new position in shares of Blue World Acquisition during the second quarter worth about $3,462,000. Polar Asset Management Partners Inc. bought a new position in shares of Blue World Acquisition during the first quarter worth about $3,162,000. Finally, Karpus Management Inc. grew its position in Blue World Acquisition by 174.2% in the 2nd quarter. Karpus Management Inc. now owns 432,853 shares of the company's stock valued at $4,281,000 after buying an additional 275,003 shares in the last quarter. 65.03% of the stock is currently owned by hedge funds and other institutional investors.
Get Blue World Acquisition alerts:Blue World Acquisition Stock Up 0.1 %
Shares of BWAQ stock traded up $0.01 during mid-day trading on Monday, hitting $10.40. The stock had a trading volume of 1,100 shares, compared to its average volume of 4,382. Blue World Acquisition has a fifty-two week low of $9.84 and a fifty-two week high of $10.85. The company's 50-day simple moving average is $10.30 and its 200-day simple moving average is $10.16.
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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