Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Sees Large Drop in Short Interest

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 700 shares, a decrease of 65.0% from the August 31st total of 2,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Blue Ocean Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp boosted its stake in Blue Ocean Acquisition by 83.4% in the 1st quarter. Berkley W R Corp now owns 548,805 shares of the company’s stock worth $6,064,000 after purchasing an additional 249,576 shares during the period. Wolverine Asset Management LLC increased its holdings in Blue Ocean Acquisition by 1,183.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 185,657 shares of the company’s stock valued at $2,072,000 after acquiring an additional 171,197 shares during the last quarter. Finally, Glazer Capital LLC lifted its stake in Blue Ocean Acquisition by 2.1% in the 4th quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock worth $6,330,000 after purchasing an additional 12,290 shares in the last quarter.

Blue Ocean Acquisition Price Performance

NASDAQ:BOCN remained flat at $11.43 on Friday. The company’s stock had a trading volume of 48 shares, compared to its average volume of 39,239. The stock’s 50 day moving average is $11.33 and its 200-day moving average is $11.18. Blue Ocean Acquisition has a twelve month low of $10.72 and a twelve month 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.