Blue Ocean Acquisition Corp. (NASDAQ:BOCN – Get Free Report) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,500 shares, a growth of 56.3% from the October 31st total of 1,600 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 12,700 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On Blue Ocean Acquisition
A number of institutional investors have recently modified their holdings of the business. K2 Principal Fund L.P. purchased a new position in Blue Ocean Acquisition during the 3rd quarter worth $1,020,000. Berkley W R Corp acquired a new stake in shares of Blue Ocean Acquisition during the third quarter worth about $1,196,000. Finally, Wolverine Asset Management LLC grew its holdings in shares of Blue Ocean Acquisition by 1,183.9% during the second quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company’s stock worth $2,072,000 after buying an additional 171,197 shares during the last quarter.
Blue Ocean Acquisition Price Performance
NASDAQ BOCN traded down $1.15 on Friday, reaching $12.60. The stock had a trading volume of 12,280 shares, compared to its average volume of 35,039. Blue Ocean Acquisition has a 12-month low of $10.74 and a 12-month high of $13.75. The business’s 50-day moving average price is $11.50 and its 200 day moving average price is $11.32.
Blue Ocean Acquisition Company Profile
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. The company intends to focus within the consumer Internet sector in segments, such as online marketplaces, education and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.
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