Blue Water Acquisition Corp. III (NASDAQ:BLUW – Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 903 shares, a decrease of 65.6% from the March 31st total of 2,628 shares. Based on an average daily trading volume, of 73,298 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blue Water Acquisition Corp. III in a report on Friday, April 10th. Wall Street Zen raised shares of Blue Water Acquisition Corp. III to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Stock Analysis on BLUW
Blue Water Acquisition Corp. III Price Performance
Institutional Investors Weigh In On Blue Water Acquisition Corp. III
Hedge funds have recently modified their holdings of the company. Warberg Asset Management LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the third quarter valued at about $200,000. PenderFund Capital Management Ltd. acquired a new position in Blue Water Acquisition Corp. III in the fourth quarter valued at about $232,000. Schonfeld Strategic Advisors LLC acquired a new position in Blue Water Acquisition Corp. III in the third quarter valued at about $399,000. Bulldog Investors LLP acquired a new position in Blue Water Acquisition Corp. III in the third quarter valued at about $414,000. Finally, Context Capital Management LLC acquired a new position in Blue Water Acquisition Corp. III in the third quarter valued at about $498,000.
About Blue Water Acquisition Corp. III
Blue Water Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.
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