bleuacacia ltd (NASDAQ:BLEU) Short Interest Down 55.6% in October

bleuacacia ltd (NASDAQ:BLEU - Get Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,800 shares, a drop of 55.6% from the October 15th total of 6,300 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.6% of the company's shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in shares of bleuacacia in the 1st quarter valued at $397,000. Quarry LP purchased a new position in shares of bleuacacia in the 2nd quarter valued at $300,000. Finally, Robinson Capital Management LLC purchased a new position in shares of bleuacacia in the 1st quarter valued at $37,000. 13.89% of the stock is currently owned by hedge funds and other institutional investors.

bleuacacia Stock Performance

BLEU remained flat at $11.03 during trading on Wednesday. The company's stock had a trading volume of 4 shares, compared to its average volume of 2,332. The stock has a 50-day moving average price of $10.99 and a 200 day moving average price of $10.85. The firm has a market capitalization of $83.39 million, a price-to-earnings ratio of 58.05 and a beta of 0.02. bleuacacia has a one year low of $10.55 and a one year high of $11.59.

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.