Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Down 85.7% in October

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the September 30th total of 700 shares. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Blue Ocean Acquisition stock. Berkley W R Corp raised its position in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 83.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 548,805 shares of the company’s stock after purchasing an additional 249,576 shares during the quarter. Berkley W R Corp owned 8.91% of Blue Ocean Acquisition worth $6,064,000 at the end of the most recent reporting period.

Blue Ocean Acquisition Stock Performance

BOCN traded down $0.03 during midday trading on Friday, reaching $11.47. The company’s stock had a trading volume of 36,724 shares, compared to its average volume of 38,143. The company has a fifty day simple moving average of $11.42 and a 200 day simple moving average of $11.25. Blue Ocean Acquisition has a twelve month low of $10.73 and a twelve month high of $11.70.

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.