Short Interest in Black Spade Acquisition III Co (NYSE:BIII) Expands By 1,984.4%

Black Spade Acquisition III Co (NYSE:BIII – Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 10,318 shares, an increase of 1,984.4% from the August 15th total of 495 shares. Based on an average daily volume of 380,326 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Black Spade Acquisition III Trading Up 0.0%

Black Spade Acquisition III stock traded up $0.01 during midday trading on Friday, reaching $10.06. 87,515 shares of the stock were exchanged, compared to its average volume of 367,411. Black Spade Acquisition III has a 52 week low of $9.83 and a 52 week high of $10.24. The firm has a fifty day simple moving average of $10.00.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Black Spade Acquisition III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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Black Spade Acquisition III Company Profile

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Black Spade Acquisition III Co is a blank check company.

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