bleuacacia ltd (NASDAQ:BLEU - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,400 shares, a growth of 27.3% from the March 15th total of 1,100 shares. Based on an average daily trading volume, of 5,300 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company's stock are sold short.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. UBS Group AG increased its stake in shares of bleuacacia by 395.1% during the fourth quarter. UBS Group AG now owns 2,941 shares of the company's stock valued at $30,000 after purchasing an additional 2,347 shares in the last quarter. XTX Topco Ltd bought a new position in bleuacacia during the 2nd quarter valued at approximately $146,000. Kohlberg Kravis Roberts & Co. L.P. purchased a new position in bleuacacia during the first quarter valued at $179,000. Quarry LP purchased a new position in bleuacacia during the fourth quarter valued at $300,000. Finally, Tuttle Capital Management LLC bought a new stake in bleuacacia in the first quarter worth $320,000. 13.89% of the stock is owned by hedge funds and other institutional investors.
bleuacacia Stock Performance
Shares of BLEU stock remained flat at $10.78 during mid-day trading on Friday. The company's 50-day moving average is $10.72 and its two-hundred day moving average is $10.66. The stock has a market cap of $91.41 million, a price-to-earnings ratio of 56.74 and a beta of 0.02. bleuacacia has a twelve month low of $10.15 and a twelve month high of $11.40.
bleuacacia Company Profile
(
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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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