Blue Ocean Acquisition Corp. (NASDAQ:BOCN - Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,500 shares, a growth of 56.3% from the October 31st total of 1,600 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company's stock are sold short.
Blue Ocean Acquisition Stock Performance
Shares of BOCN stock traded down $2.04 during trading hours on Friday, hitting $11.71. 15,453 shares of the company were exchanged, compared to its average volume of 35,072. Blue Ocean Acquisition has a one year low of $10.74 and a one year high of $13.75. The business's 50-day simple moving average is $11.55 and its two-hundred day simple moving average is $11.35.
Hedge Funds Weigh In On Blue Ocean Acquisition
Several large investors have recently modified their holdings of BOCN. K2 Principal Fund L.P. bought a new position in shares of Blue Ocean Acquisition during the third quarter worth about $1,020,000. Berkley W R Corp bought a new position in Blue Ocean Acquisition in the third quarter worth about $1,196,000. Finally, Wolverine Asset Management LLC lifted its holdings in Blue Ocean Acquisition by 1,183.9% in the second quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company's stock worth $2,072,000 after acquiring an additional 171,197 shares during the last quarter.
About Blue Ocean Acquisition
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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.
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