bleuacacia ltd (NASDAQ:BLEU – Get Rating) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 1,100 shares, a decrease of 95.8% from the January 31st total of 26,500 shares. Based on an average daily volume of 169,300 shares, the short-interest ratio is currently 0.0 days.
bleuacacia Price Performance
BLEU opened at $10.16 on Wednesday. bleuacacia has a 1 year low of $9.62 and a 1 year high of $10.16. The firm has a 50 day moving average price of $10.10 and a 200 day moving average price of $9.97.
Hedge Funds Weigh In On bleuacacia
Large investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. grew its holdings in bleuacacia by 300.0% during the second quarter. Nomura Holdings Inc. now owns 1,000,000 shares of the company’s stock worth $9,749,000 after acquiring an additional 750,000 shares during the period. Polar Asset Management Partners Inc. bought a new position in bleuacacia in the 1st quarter worth approximately $5,844,000. Verition Fund Management LLC increased its position in bleuacacia by 140.9% in the 2nd quarter. Verition Fund Management LLC now owns 963,750 shares of the company’s stock worth $9,406,000 after buying an additional 563,750 shares during the period. Glazer Capital LLC increased its position in shares of bleuacacia by 760.5% during the fourth quarter. Glazer Capital LLC now owns 618,975 shares of the company’s stock valued at $6,227,000 after purchasing an additional 547,043 shares during the period. Finally, Millennium Management LLC increased its position in shares of bleuacacia by 80.2% during the second quarter. Millennium Management LLC now owns 969,937 shares of the company’s stock valued at $9,447,000 after purchasing an additional 431,781 shares during the period. 69.52% of the stock is currently owned by institutional investors.
About bleuacacia
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.
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