Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Up 200.0% in May

Blue Ocean Acquisition Corp. (NASDAQ:BOCN – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 2,100 shares, a growth of 200.0% from the April 30th total of 700 shares. Based on an average trading volume of 69,300 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Blue Ocean Acquisition Trading Up 0.2 %

Blue Ocean Acquisition stock traded up $0.02 during midday trading on Friday, hitting $10.53. The stock had a trading volume of 2,924 shares, compared to its average volume of 104,950. The firm’s fifty day moving average is $10.46 and its two-hundred day moving average is $10.34. Blue Ocean Acquisition has a 52-week low of $9.88 and a 52-week high of $10.94.

Institutional Investors Weigh In On Blue Ocean Acquisition

A number of institutional investors have recently added to or reduced their stakes in the stock. Berkley W R Corp grew its holdings in Blue Ocean Acquisition by 197.9% during the 1st quarter. Berkley W R Corp now owns 776,050 shares of the company’s stock valued at $8,094,000 after buying an additional 515,510 shares in the last quarter. Glazer Capital LLC grew its holdings in Blue Ocean Acquisition by 24.2% during the 1st quarter. Glazer Capital LLC now owns 676,876 shares of the company’s stock valued at $7,060,000 after buying an additional 131,908 shares in the last quarter. Quarry LP purchased a new stake in Blue Ocean Acquisition during the 1st quarter valued at approximately $1,044,000. First Trust Capital Management L.P. grew its holdings in Blue Ocean Acquisition by 28.9% during the 1st quarter. First Trust Capital Management L.P. now owns 352,503 shares of the company’s stock valued at $3,677,000 after buying an additional 79,040 shares in the last quarter. Finally, Periscope Capital Inc. grew its holdings in Blue Ocean Acquisition by 186.5% during the 1st quarter. Periscope Capital Inc. now owns 1,063,382 shares of the company’s stock valued at $11,096,000 after buying an additional 692,237 shares in the last quarter. 59.24% of the stock is owned by hedge funds and other institutional investors.

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.