Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Up 1,500.0% in October

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,600 shares, a growth of 1,500.0% from the October 15th total of 100 shares. Based on an average daily volume of 11,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Blue Ocean Acquisition Price Performance

Shares of Blue Ocean Acquisition stock opened at $11.48 on Wednesday. The stock’s fifty day moving average is $11.45 and its 200-day moving average is $11.29. Blue Ocean Acquisition has a 12-month low of $10.74 and a 12-month high of $11.70.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Blue Ocean Acquisition stock. Wolverine Asset Management LLC grew its position in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 1,183.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,657 shares of the company’s stock after purchasing an additional 171,197 shares during the period. Wolverine Asset Management LLC owned about 1.70% of Blue Ocean Acquisition worth $2,072,000 at the end of the most recent 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 and advertising technology, and direct-to-consumer e-commerce businesses in Asia, Latin America, and North America.