bleuacacia ltd (NASDAQ:BLEU) Short Interest Update

bleuacacia ltd (NASDAQ:BLEU) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,800 shares, a decrease of 55.6% from the October 15th total of 6,300 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 2.8 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BLEU. Robinson Capital Management LLC bought a new stake in bleuacacia in the first quarter valued at approximately $37,000. Quarry LP bought a new position in shares of bleuacacia in the second quarter valued at about $300,000. Finally, Virtu Financial LLC bought a new stake in shares of bleuacacia during the 1st quarter worth about $397,000. 13.89% of the stock is currently owned by institutional investors and hedge funds.

bleuacacia Stock Performance

BLEU remained flat at $11.03 on Wednesday. bleuacacia has a 1 year low of $10.55 and a 1 year high of $11.59. The company’s 50 day moving average is $10.99 and its 200 day moving average is $10.85. The stock has a market cap of $83.39 million, a PE ratio of 58.05 and a beta of 0.02.

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.