Blue Ocean Acquisition Corp. (NASDAQ:BOCN) Short Interest Down 85.7% in October

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 85.7% from the September 30th total of 700 shares. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 0.0 days.

Blue Ocean Acquisition Stock Performance

Shares of NASDAQ BOCN remained flat at $11.47 on Friday. 71,109 shares of the company’s stock were exchanged, compared to its average volume of 38,451. Blue Ocean Acquisition has a fifty-two week low of $10.73 and a fifty-two week high of $11.70. The company has a 50 day moving average of $11.42 and a 200 day moving average of $11.25.

Institutional Investors Weigh In On Blue Ocean Acquisition

A hedge fund recently raised its stake in Blue Ocean Acquisition stock. Wolverine Asset Management LLC increased its holdings in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 1,183.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,657 shares of the company’s stock after buying an additional 171,197 shares during the quarter. Wolverine Asset Management LLC owned 1.70% of Blue Ocean Acquisition worth $2,072,000 at the end of the most recent reporting period.

About Blue Ocean Acquisition

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.