Short Interest in Blue Water Acquisition Corp. III (NASDAQ:BLUW) Increases By 153.9%

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 2,283 shares, a growth of 153.9% from the May 31st total of 899 shares. Based on an average trading volume of 48,329 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Trading of Blue Water Acquisition Corp. III

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PenderFund Capital Management Ltd. bought a new position in Blue Water Acquisition Corp. III during the 4th quarter worth approximately $232,000. Schonfeld Strategic Advisors LLC acquired a new stake in Blue Water Acquisition Corp. III in the third quarter worth $399,000. Bulldog Investors LLP acquired a new stake in Blue Water Acquisition Corp. III in the third quarter worth $414,000. Context Capital Management LLC acquired a new stake in Blue Water Acquisition Corp. III in the third quarter worth $498,000. Finally, Geode Capital Management LLC boosted its position in shares of Blue Water Acquisition Corp. III by 193.0% during the fourth quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock worth $634,000 after purchasing an additional 40,463 shares in the last quarter.

Blue Water Acquisition Corp. III Trading Down 0.1%

Shares of BLUW traded down $0.01 on Tuesday, reaching $10.32. 358 shares of the company’s stock were exchanged, compared to its average volume of 32,151. The business has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $10.30. Blue Water Acquisition Corp. III has a 12 month low of $9.93 and a 12 month high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last posted its quarterly earnings results on Tuesday, April 14th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Blue Water Acquisition Corp. III Company Profile

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.