Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Update

by · The Cerbat Gem

Blue Water Acquisition Corp. III (NASDAQ:BLUW – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 1,275 shares, an increase of 169.6% from the April 30th total of 473 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,353 shares, the short-interest ratio is presently 0.1 days.

Blue Water Acquisition Corp. III Price Performance

Blue Water Acquisition Corp. III stock remained flat at $10.27 during trading hours on Friday. The company’s stock had a trading volume of 5,284 shares, compared to its average volume of 13,457. The stock has a 50-day simple moving average of $10.27 and a 200-day simple moving average of $10.27. Blue Water Acquisition Corp. III has a 1-year low of $9.93 and a 1-year high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW – Get Free Report) last announced its quarterly earnings results on Tuesday, April 14th. The company reported ($0.03) EPS for the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Wall Street Zen raised 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, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Blue Water Acquisition Corp. III

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A number of large investors have recently bought and sold shares of BLUW. Warberg Asset Management LLC purchased a new position in Blue Water Acquisition Corp. III in the 3rd quarter worth approximately $200,000. MMCAP International Inc. SPC purchased a new position in Blue Water Acquisition Corp. III in the 3rd quarter worth approximately $1,994,000. Picton Mahoney Asset Management purchased a new position in Blue Water Acquisition Corp. III in the 3rd quarter worth approximately $4,990,000. Context Capital Management LLC purchased a new position in Blue Water Acquisition Corp. III in the 3rd quarter worth approximately $498,000. Finally, ATW Spac Management LLC purchased a new position in Blue Water Acquisition Corp. III in the 3rd quarter worth approximately $1,114,000.

About Blue Water Acquisition Corp. III

(Get Free Report)

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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