Short Interest in bleuacacia ltd (NASDAQ:BLEU) Drops By 20.0%

bleuacacia ltd (NASDAQ:BLEU) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,600 shares, a decrease of 20.0% from the July 15th total of 2,000 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 2.0 days.

bleuacacia Stock Performance

Shares of bleuacacia stock remained flat at $10.83 on Friday. 46 shares of the stock traded hands, compared to its average volume of 6,226. bleuacacia has a 12-month low of $10.37 and a 12-month high of $11.40. The company has a market capitalization of $81.83 million, a P/E ratio of 57.00 and a beta of 0.02. The company’s 50-day simple moving average is $10.80 and its 200-day simple moving average is $10.75.

bleuacacia (NASDAQ:BLEU) last released its quarterly earnings results on Monday, May 20th. The company reported ($0.05) earnings per share for the quarter.

Institutional Trading of bleuacacia

A number of hedge funds have recently bought and sold shares of BLEU. Robinson Capital Management LLC bought a new position in bleuacacia during the first quarter valued at approximately $37,000. Quarry LP bought a new position in shares of bleuacacia during the 4th quarter valued at $300,000. Tuttle Capital Management LLC purchased a new position in bleuacacia in the 1st quarter worth $320,000. Finally, Virtu Financial LLC bought a new stake in bleuacacia in the first quarter worth $397,000. Institutional investors own 13.89% of the company’s stock.

bleuacacia Company Profile

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.