bleuacacia ltd (NASDAQ:BLEU) Short Interest Update

bleuacacia ltd (NASDAQ:BLEU) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 6,300 shares, an increase of 6.8% from the September 30th total of 5,900 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 9.0 days. Approximately 1.3% of the shares of the company are sold short.

bleuacacia Price Performance

bleuacacia stock traded down $0.44 during trading hours on Wednesday, hitting $11.15. 2,059 shares of the stock traded hands, compared to its average volume of 5,594. The firm’s 50 day moving average price is $10.95 and its 200-day moving average price is $10.83. The stock has a market capitalization of $84.25 million, a price-to-earnings ratio of 58.41 and a beta of 0.02. bleuacacia has a 1 year low of $10.55 and a 1 year high of $11.59.

Institutional Trading of bleuacacia

Large investors have recently added to or reduced their stakes in the company. Robinson Capital Management LLC purchased a new stake in bleuacacia during the 1st quarter valued at about $37,000. Quarry LP purchased a new stake in shares of bleuacacia in the second quarter worth about $300,000. Finally, Virtu Financial LLC purchased a new stake in shares of bleuacacia in the first quarter worth about $397,000. Hedge funds and other institutional investors own 13.89% of the company’s stock.

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.