BlueRiver Acquisition Corp. (NYSE:BLUA) Sees Significant Decline in Short Interest

BlueRiver Acquisition Corp. (NYSE:BLUAGet Rating) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 2,800 shares, a decrease of 17.6% from the May 15th total of 3,400 shares. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dark Forest Capital Management LP acquired a new stake in shares of BlueRiver Acquisition in the third quarter valued at approximately $255,000. Hsbc Holdings PLC raised its position in shares of BlueRiver Acquisition by 6.4% in the first quarter. Hsbc Holdings PLC now owns 447,139 shares of the company’s stock valued at $4,377,000 after buying an additional 26,871 shares in the last quarter. Saba Capital Management L.P. increased its stake in BlueRiver Acquisition by 164.9% in the first quarter. Saba Capital Management L.P. now owns 445,723 shares of the company’s stock valued at $4,368,000 after acquiring an additional 277,486 shares during the last quarter. Omni Event Management Ltd bought a new stake in shares of BlueRiver Acquisition during the fourth quarter worth $761,000. Finally, Kohlberg Kravis Roberts & Co. L.P. bought a new stake in shares of BlueRiver Acquisition during the first quarter worth $312,000. Hedge funds and other institutional investors own 72.65% of the company’s stock.

Shares of BLUA stock traded up $0.01 during trading on Friday, reaching $9.81. The company had a trading volume of 830 shares, compared to its average volume of 9,487. The firm’s 50 day simple moving average is $9.81 and its two-hundred day simple moving average is $9.78. BlueRiver Acquisition has a one year low of $9.60 and a one year high of $9.84.

BlueRiver Acquisition Company Profile (Get Rating)

Blueriver Acquisition Corp. 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 technology, media, telecom, and entertainment industries.

Recommended Stories

Want More Great Investing Ideas?

Receive News & Ratings for BlueRiver Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlueRiver Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.