Short Interest in Bukit Jalil Global Acquisition 1 Ltd (NASDAQ:BUJA) Grows By 300.0%

Bukit Jalil Global Acquisition 1 Ltd (NASDAQ:BUJA) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 400 shares, a growth of 300.0% from the October 15th total of 100 shares. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Bukit Jalil Global Acquisition 1 Price Performance

Shares of NASDAQ:BUJA remained flat at $10.99 during mid-day trading on Wednesday. Bukit Jalil Global Acquisition 1 has a 12-month low of $10.31 and a 12-month high of $12.18. The business’s 50 day moving average price is $10.91 and its 200-day moving average price is $10.77.

Hedge Funds Weigh In On Bukit Jalil Global Acquisition 1

Large investors have recently made changes to their positions in the business. Wolverine Asset Management LLC boosted its stake in Bukit Jalil Global Acquisition 1 by 312.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 330,133 shares of the company’s stock worth $3,529,000 after purchasing an additional 250,116 shares in the last quarter. Glazer Capital LLC lifted its stake in shares of Bukit Jalil Global Acquisition 1 by 39.8% during the second quarter. Glazer Capital LLC now owns 407,764 shares of the company’s stock worth $4,359,000 after buying an additional 116,186 shares during the period. K2 Principal Fund L.P. purchased a new stake in shares of Bukit Jalil Global Acquisition 1 during the second quarter valued at $1,604,000. Spartan Fund Management Inc. increased its position in shares of Bukit Jalil Global Acquisition 1 by 227,272.7% in the 3rd quarter. Spartan Fund Management Inc. now owns 25,011 shares of the company’s stock valued at $273,000 after acquiring an additional 25,000 shares during the period. Finally, Virtu Financial LLC purchased a new position in Bukit Jalil Global Acquisition 1 in the 1st quarter worth $117,000. 66.34% of the stock is owned by institutional investors and hedge funds.

Bukit Jalil Global Acquisition 1 Company Profile

Bukit Jalil Global Acquisition 1 Ltd operates a blank check company that intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2022 and is based in Kuala Lumpur, Malaysia.