Blue Ocean Acquisition Corp. (NASDAQ:BOCNU – Get Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 600 shares, a decline of 72.7% from the April 30th total of 2,200 shares. Based on an average trading volume of 7,900 shares, the short-interest ratio is presently 0.1 days.
BOCNU stock opened at $9.93 on Thursday. Blue Ocean Acquisition has a 1 year low of $9.90 and a 1 year high of $10.10. The business has a 50-day moving average of $9.99.
A number of hedge funds have recently modified their holdings of the stock. Condor Capital Management purchased a new position in shares of Blue Ocean Acquisition during the 4th quarter worth about $30,000. KCL Capital L.P. purchased a new stake in shares of Blue Ocean Acquisition in the 4th quarter valued at $250,000. Schonfeld Strategic Advisors LLC purchased a new stake in Blue Ocean Acquisition during the fourth quarter worth $250,000. Millennium Management LLC acquired a new position in Blue Ocean Acquisition during the fourth quarter worth $495,000. Finally, Walleye Trading LLC acquired a new stake in shares of Blue Ocean Acquisition in the fourth quarter valued at about $809,000.
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.
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