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Short Interest in Blue Safari Group Acquisition Corp. (NASDAQ:BSGAR) Declines By 16.1%

Defense World ·  Dec 19, 2022 19:11

Blue Safari Group Acquisition Corp. (NASDAQ:BSGAR – Get Rating) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 5,200 shares, a decrease of 16.1% from the November 15th total of 6,200 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.4 days.

Blue Safari Group Acquisition Price Performance

Shares of NASDAQ BSGAR opened at $0.15 on Monday. The stock has a 50 day moving average price of $0.15 and a 200 day moving average price of $0.12. Blue Safari Group Acquisition has a 52 week low of $0.05 and a 52 week high of $0.73.

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Institutional Inflows and Outflows

A hedge fund recently raised its stake in Blue Safari Group Acquisition stock. Mangrove Partners raised its holdings in Blue Safari Group Acquisition Corp. (NASDAQ:BSGAR – Get Rating) by 100.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 762,699 shares of the company's stock after buying an additional 382,987 shares during the period. Mangrove Partners' holdings in Blue Safari Group Acquisition were worth $76,000 at the end of the most recent quarter.

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