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

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,200 shares, a decline of 50.0% from the March 31st total of 2,400 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,500 shares, the short-interest ratio is presently 0.0 days.

Blue Ocean Acquisition Price Performance

Shares of Blue Ocean Acquisition stock remained flat at $11.11 during mid-day trading on Friday. The company’s stock had a trading volume of 127,989 shares, compared to its average volume of 57,672. The company has a fifty day moving average price of $11.00 and a 200-day moving average price of $10.88. Blue Ocean Acquisition has a fifty-two week low of $10.47 and a fifty-two week high of $11.41.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC purchased a new stake in shares of Blue Ocean Acquisition during the third quarter worth $593,000. Spartan Fund Management Inc. acquired a new stake in Blue Ocean Acquisition in the 3rd quarter valued at about $1,072,000. Cowen AND Company LLC lifted its stake in Blue Ocean Acquisition by 576.0% in the 3rd quarter. Cowen AND Company LLC now owns 297,481 shares of the company’s stock worth $3,189,000 after purchasing an additional 253,475 shares in the last quarter. Meteora Capital LLC lifted its stake in Blue Ocean Acquisition by 2,408.2% in the 3rd quarter. Meteora Capital LLC now owns 327,114 shares of the company’s stock worth $3,507,000 after purchasing an additional 314,072 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Blue Ocean Acquisition by 9.7% during the 4th quarter. Mizuho Securities USA LLC now owns 471,793 shares of the company’s stock worth $5,053,000 after purchasing an additional 41,593 shares during the last quarter.

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 technology, advertising technology, digital media and enabling technologies, and direct-to-consumer e-commerce businesses.