Blue Ocean Acquisition Corp (NASDAQ:BOCNU) Sees Significant Drop in Short Interest

Blue Ocean Acquisition Corp (NASDAQ:BOCNUGet Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 400 shares, a decrease of 20.0% from the March 31st total of 500 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is presently 0.1 days.

A number of hedge funds have recently modified their holdings of the business. Condor Capital Management purchased a new stake in shares of Blue Ocean Acquisition in the 4th quarter worth approximately $30,000. KCL Capital L.P. purchased a new stake in shares of Blue Ocean Acquisition in the 4th quarter worth approximately $250,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Blue Ocean Acquisition in the 4th quarter worth approximately $250,000. Millennium Management LLC purchased a new stake in shares of Blue Ocean Acquisition in the 4th quarter worth approximately $495,000. Finally, Walleye Trading LLC purchased a new stake in shares of Blue Ocean Acquisition in the 4th quarter worth approximately $809,000.

Shares of NASDAQ:BOCNU opened at $10.03 on Tuesday. Blue Ocean Acquisition has a 12 month low of $9.90 and a 12 month high of $10.10. The firm’s 50-day moving average price is $9.98.

Blue Ocean Acquisition Company Profile (Get Rating)

Blue Ocean Acquisition Corp 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.

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