Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Update

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 700 shares, a drop of 65.0% from the August 31st total of 2,000 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Blue Ocean Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC raised its holdings in Blue Ocean Acquisition by 1,183.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company’s stock valued at $2,072,000 after buying an additional 171,197 shares during the period. Berkley W R Corp increased its position in Blue Ocean Acquisition by 83.4% during the first quarter. Berkley W R Corp now owns 548,805 shares of the company’s stock valued at $6,064,000 after acquiring an additional 249,576 shares during the last quarter. Finally, Glazer Capital LLC increased its position in Blue Ocean Acquisition by 2.1% during the fourth quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock valued at $6,330,000 after acquiring an additional 12,290 shares during the last quarter.

Blue Ocean Acquisition Stock Performance

BOCN remained flat at $11.43 on Friday. The company had a trading volume of 48 shares, compared to its average volume of 39,239. Blue Ocean Acquisition has a 12 month low of $10.72 and a 12 month high of $11.70. The company’s 50-day moving average is $11.33 and its two-hundred day moving average is $11.18.

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.