bleuacacia ltd (NASDAQ:BLEU) Sees Significant Growth in Short Interest

bleuacacia ltd (NASDAQ:BLEU) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,600 shares, an increase of 14.3% from the March 31st total of 1,400 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 0.4 days.

bleuacacia Price Performance

NASDAQ BLEU traded up $0.05 on Monday, hitting $10.70. 500 shares of the stock were exchanged, compared to its average volume of 9,044. bleuacacia has a 52-week low of $10.15 and a 52-week high of $11.40. The company has a market capitalization of $80.89 million, a price-to-earnings ratio of 56.32 and a beta of 0.02. The company’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $10.68.

Institutional Investors Weigh In On bleuacacia

A number of institutional investors have recently modified their holdings of the stock. Tuttle Capital Management LLC acquired a new stake in shares of bleuacacia during the 1st quarter valued at $320,000. Quarry LP acquired a new stake in shares of bleuacacia in the 4th quarter valued at $300,000. Finally, Cowen AND Company LLC acquired a new stake in shares of bleuacacia in the 3rd quarter valued at $1,050,000. Institutional investors and hedge funds own 13.89% of the company’s stock.

bleuacacia Company Profile

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.