Blue Ocean Acquisition Corp. (NASDAQ:BOCN – Get Rating) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 800 shares, an increase of 33.3% from the February 13th total of 600 shares. Based on an average daily trading volume, of 93,400 shares, the short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On Blue Ocean Acquisition
A number of large investors have recently bought and sold shares of BOCN. Virtu Financial LLC bought a new stake in Blue Ocean Acquisition during the 4th quarter worth approximately $162,000. Glazer Capital LLC grew its position in Blue Ocean Acquisition by 150.3% during the 3rd quarter. Glazer Capital LLC now owns 34,390 shares of the company's stock worth $344,000 after acquiring an additional 20,652 shares during the last quarter. Walleye Trading LLC bought a new stake in Blue Ocean Acquisition during the 1st quarter worth approximately $802,000. Bank of Montreal Can bought a new stake in Blue Ocean Acquisition during the 4th quarter worth approximately $810,000. Finally, Shaolin Capital Management LLC bought a new stake in Blue Ocean Acquisition during the 4th quarter worth approximately $900,000. 59.24% of the stock is currently owned by institutional investors.
Get Blue Ocean Acquisition alerts:Blue Ocean Acquisition Trading Up 0.1 %
Shares of BOCN traded up $0.02 during mid-day trading on Tuesday, reaching $10.41. The company had a trading volume of 2,850 shares, compared to its average volume of 147,622. Blue Ocean Acquisition has a twelve month low of $9.86 and a twelve month high of $10.90. The company's 50-day moving average is $10.34 and its 200-day moving average is $10.19.
Blue Ocean Acquisition Company Profile
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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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