Short Interest in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Grows By 1,500.0%

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the October 15th total of 100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 11,100 shares, the days-to-cover ratio is currently 0.1 days.

Blue Ocean Acquisition Price Performance

NASDAQ:BOCN remained flat at $11.48 during trading hours on Tuesday. The company’s stock had a trading volume of 10,353 shares, compared to its average volume of 37,465. The business’s 50-day moving average price is $11.45 and its 200-day moving average price is $11.28. Blue Ocean Acquisition has a 12 month low of $10.74 and a 12 month high of $11.70.

Institutional Trading of Blue Ocean Acquisition

A hedge fund recently raised its stake in Blue Ocean Acquisition stock. Berkley W R Corp raised its stake in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 83.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 548,805 shares of the company’s stock after buying an additional 249,576 shares during the quarter. Berkley W R Corp owned about 8.91% of Blue Ocean Acquisition worth $6,064,000 at the end of the most recent quarter.

About Blue Ocean Acquisition

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.