Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Update

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 2,000 shares, an increase of 1,900.0% from the August 15th total of 100 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 1.3 days.

Blue Ocean Acquisition Stock Up 0.6 %

Shares of BOCN traded up $0.07 during mid-day trading on Thursday, hitting $11.47. 1,756 shares of the company’s stock were exchanged, compared to its average volume of 38,923. Blue Ocean Acquisition has a fifty-two week low of $10.70 and a fifty-two week high of $11.70. The stock’s 50-day moving average is $11.29 and its 200-day moving average is $11.15.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BOCN. Wolverine Asset Management LLC lifted its position in Blue Ocean Acquisition by 1,183.9% in the second 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. Mizuho Securities USA LLC increased its holdings in shares of Blue Ocean Acquisition by 9.7% in the 4th quarter. Mizuho Securities USA LLC now owns 471,793 shares of the company’s stock valued at $5,053,000 after acquiring an additional 41,593 shares during the period. Berkley W R Corp raised its position 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 valued at $6,064,000 after purchasing an additional 249,576 shares during the last quarter. Finally, Glazer Capital LLC boosted its stake in shares of Blue Ocean Acquisition by 2.1% during the fourth quarter. Glazer Capital LLC now owns 588,859 shares of the company’s stock worth $6,330,000 after buying an additional 12,290 shares during the period.

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.