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

Blue Ocean Acquisition Corp. (NASDAQ:BOCN) saw a large 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 trading volume of 11,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Blue Ocean Acquisition Stock Performance

Shares of BOCN stock opened at $11.48 on Wednesday. Blue Ocean Acquisition has a 1 year low of $10.74 and a 1 year high of $11.70. The stock has a fifty day moving average of $11.45 and a two-hundred day moving average of $11.29.

Institutional Trading of Blue Ocean Acquisition

An institutional investor recently raised its position in Blue Ocean Acquisition stock. Wolverine Asset Management LLC increased its position in Blue Ocean Acquisition Corp. (NASDAQ:BOCN) by 1,183.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,657 shares of the company’s stock after buying an additional 171,197 shares during the quarter. Wolverine Asset Management LLC owned about 1.70% of Blue Ocean Acquisition worth $2,072,000 at the end of the most recent reporting period.

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.