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Short Interest in Bleuacacia Ltd (NASDAQ:BLEU) Drops By 41.5%

kopsource ·  Mar 31, 2023 01:02

bleuacacia ltd (NASDAQ:BLEU – Get Rating) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,400 shares, a drop of 41.5% from the February 28th total of 4,100 shares. Based on an average trading volume of 141,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

bleuacacia Trading Up 0.1 %

BLEU traded up $0.01 during trading hours on Thursday, hitting $10.22. The stock had a trading volume of 635,853 shares, compared to its average volume of 186,050. The company's fifty day simple moving average is $10.16 and its 200 day simple moving average is $10.03. bleuacacia has a 1 year low of $9.72 and a 1 year high of $10.23.

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Institutional Investors Weigh In On bleuacacia

Several large investors have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in bleuacacia by 395.1% in the 4th quarter. UBS Group AG now owns 2,941 shares of the company's stock worth $30,000 after acquiring an additional 2,347 shares during the last quarter. Radcliffe Capital Management L.P. grew its holdings in bleuacacia by 2.3% during the 4th quarter. Radcliffe Capital Management L.P. now owns 277,628 shares of the company's stock valued at $2,793,000 after buying an additional 6,260 shares in the last quarter. Polar Asset Management Partners Inc. grew its holdings in bleuacacia by 1.5% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 608,900 shares of the company's stock valued at $6,004,000 after buying an additional 8,900 shares in the last quarter. Wealthspring Capital LLC purchased a new position in bleuacacia during the 3rd quarter valued at about $117,000. Finally, Glazer Capital LLC grew its holdings in bleuacacia by 30.6% during the 3rd quarter. Glazer Capital LLC now owns 71,932 shares of the company's stock valued at $709,000 after buying an additional 16,861 shares in the last quarter. Hedge funds and other institutional investors own 69.52% of the company's stock.

bleuacacia Company Profile

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bleuacacia ltd does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of premium branded consumer retail.

Further Reading

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