bleuacacia ltd (NASDAQ:BLEU) Short Interest Update

bleuacacia ltd (NASDAQ:BLEU) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 3,100 shares, a growth of 93.8% from the July 31st total of 1,600 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is presently 3.9 days. Approximately 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On bleuacacia

A number of institutional investors have recently bought and sold shares of BLEU. Quarry LP purchased a new position in shares of bleuacacia in the second quarter worth approximately $300,000. Virtu Financial LLC purchased a new position in bleuacacia during the 1st quarter worth approximately $397,000. Robinson Capital Management LLC purchased a new stake in shares of bleuacacia in the first quarter valued at $37,000. Finally, Tuttle Capital Management LLC purchased a new position in shares of bleuacacia during the first quarter valued at $320,000. Hedge funds and other institutional investors own 13.89% of the company’s stock.

bleuacacia Stock Performance

Shares of NASDAQ BLEU remained flat at $10.82 during mid-day trading on Friday. The stock’s 50 day simple moving average is $10.80 and its 200 day simple moving average is $10.76. The firm has a market capitalization of $81.76 million, a PE ratio of 57.00 and a beta of 0.02. bleuacacia has a fifty-two week low of $10.44 and a fifty-two week high of $11.40.

About bleuacacia

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.