Blue World Acquisition Co. (NASDAQ:BWAQ – Get Rating) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 500 shares, a decline of 16.7% from the March 15th total of 600 shares. Based on an average daily volume of 5,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWAQ. Radcliffe Capital Management L.P. lifted its position in shares of Blue World Acquisition by 2.5% during the 4th quarter. Radcliffe Capital Management L.P. now owns 171,553 shares of the company's stock worth $1,750,000 after buying an additional 4,103 shares during the last quarter. Meteora Capital LLC acquired a new stake in Blue World Acquisition during the fourth quarter worth approximately $162,000. Mizuho Securities USA LLC grew its stake in Blue World Acquisition by 12.4% in the fourth quarter. Mizuho Securities USA LLC now owns 596,306 shares of the company's stock valued at $5,963,000 after acquiring an additional 65,800 shares during the period. Wolverine Asset Management LLC grew its stake in Blue World Acquisition by 678.7% in the fourth quarter. Wolverine Asset Management LLC now owns 200,389 shares of the company's stock valued at $2,044,000 after acquiring an additional 174,654 shares during the period. Finally, Shaolin Capital Management LLC grew its stake in Blue World Acquisition by 38.9% in the third quarter. Shaolin Capital Management LLC now owns 694,413 shares of the company's stock valued at $6,965,000 after acquiring an additional 194,413 shares during the period. 65.03% of the stock is owned by institutional investors and hedge funds.

Blue World Acquisition Price Performance

Shares of NASDAQ:BWAQ remained flat at $10.50 during trading on Thursday. The company's stock had a trading volume of 215,833 shares, compared to its average volume of 53,698. Blue World Acquisition has a 52-week low of $9.87 and a 52-week high of $10.85. The firm has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $10.26.

About Blue World Acquisition

(Get Rating)

Blue World Acquisition Corporation does not have significant operations. It focuses on entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus primarily on businesses in the marine leisure, cruise, marine infrastructure and engineering, general hospitality, travel and tourism, marine services, logistics and supply chain, offshore energy solutions, and related industry segments.

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