bleuacacia ltd (NASDAQ:BLEU – Get Rating) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 30,600 shares, a decrease of 8.9% from the October 15th total of 33,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On bleuacacia

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new position in shares of bleuacacia during the first quarter worth approximately $30,000. Sage Mountain Advisors LLC acquired a new stake in bleuacacia in the first quarter worth approximately $54,000. Wealthspring Capital LLC acquired a new stake in bleuacacia in the third quarter worth approximately $117,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in bleuacacia in the first quarter worth approximately $179,000. Finally, CI Investments Inc. acquired a new stake in bleuacacia in the first quarter worth approximately $291,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

bleuacacia Stock Performance

Shares of NASDAQ BLEU opened at $9.97 on Friday. The stock has a 50 day simple moving average of $9.89 and a 200-day simple moving average of $9.82. bleuacacia has a 12-month low of $9.61 and a 12-month high of $9.98.

bleuacacia Company Profile

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.

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