Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Update

Blue Ocean Acquisition Corp. (NASDAQ:BOCN - Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the September 30th total of 700 shares. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Blue Ocean Acquisition stock. Berkley W R Corp lifted its stake in Blue Ocean Acquisition Corp. (NASDAQ:BOCN - Free Report) by 83.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 548,805 shares of the company's stock after acquiring an additional 249,576 shares during the period. Berkley W R Corp owned approximately 8.91% of Blue Ocean Acquisition worth $6,064,000 at the end of the most recent reporting period.

Blue Ocean Acquisition Price Performance

Shares of BOCN remained flat at $11.47 during trading hours on Friday. 71,109 shares of the stock traded hands, compared to its average volume of 38,451. The company has a 50-day moving average price of $11.42 and a 200 day moving average price of $11.25. Blue Ocean Acquisition has a 52-week low of $10.73 and a 52-week high of $11.70.

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.