Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Sees Significant Growth in Short Interest

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,600 shares, an increase of 1,500.0% from the October 15th total of 100 shares. Based on an average trading volume of 11,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Blue Ocean Acquisition

An institutional investor recently raised its position in Blue Ocean Acquisition stock. Wolverine Asset Management LLC boosted its stake in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 1,183.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 185,657 shares of the company’s stock after acquiring an additional 171,197 shares during the quarter. Wolverine Asset Management LLC owned 1.70% of Blue Ocean Acquisition worth $2,072,000 as of its most recent filing with the SEC.

Blue Ocean Acquisition Stock Performance

NASDAQ:BOCN remained flat at $11.48 during midday trading on Tuesday. 10,353 shares of the company traded hands, compared to its average volume of 37,465. Blue Ocean Acquisition has a one year low of $10.74 and a one year high of $11.70. The company’s fifty day simple moving average is $11.45 and its 200 day simple moving average is $11.28.

Blue Ocean Acquisition Company Profile

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.