Blue Ocean Acquisition Corp. (NASDAQ:BOCN – Get Rating) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 600 shares, a growth of 50.0% from the January 31st total of 400 shares. Based on an average daily volume of 81,700 shares, the short-interest ratio is currently 0.0 days.

Blue Ocean Acquisition Trading Up 0.1 %

BOCN stock traded up $0.01 during midday trading on Thursday, reaching $10.40. The stock had a trading volume of 17,509 shares, compared to its average volume of 169,266. The company's fifty day simple moving average is $10.32 and its 200 day simple moving average is $10.17. Blue Ocean Acquisition has a 52-week low of $9.82 and a 52-week high of $10.85.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of Blue Ocean Acquisition during the 4th quarter worth $162,000. Glazer Capital LLC raised its holdings in shares of Blue Ocean Acquisition by 150.3% during the 3rd quarter. Glazer Capital LLC now owns 34,390 shares of the company's stock worth $344,000 after acquiring an additional 20,652 shares during the period. Walleye Trading LLC acquired a new stake in shares of Blue Ocean Acquisition during the 1st quarter worth about $802,000. Bank of Montreal Can acquired a new stake in shares of Blue Ocean Acquisition during the 4th quarter worth about $810,000. Finally, Shaolin Capital Management LLC acquired a new stake in shares of Blue Ocean Acquisition during the 4th quarter worth about $900,000. Hedge funds and other institutional investors own 59.24% of the company's stock.

Blue Ocean Acquisition Company Profile

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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. It intends to concentrate its sourcing efforts within the consumer Internet sector in segments, such as online marketplaces, education technology, advertising technology, digital media and enabling technologies, and direct-to-consumer e-commerce businesses.

Further Reading

• Get a free copy of the StockNews.com research report on Blue Ocean Acquisition (BOCN)
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