Black Spade Acquisition III Co (NYSE:BIII) Short Interest Update

by · The Markets Daily

Black Spade Acquisition III Co (NYSE:BIII – Get Free Report) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,562 shares, a decline of 84.9% from the August 31st total of 10,318 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 327,686 shares, the short-interest ratio is presently 0.0 days.

Black Spade Acquisition III Stock Down 0.0%

NYSE BIII traded down $0.01 during trading on Friday, reaching $10.04. 21,642 shares of the stock traded hands, compared to its average volume of 378,175. Black Spade Acquisition III has a fifty-two week low of $9.83 and a fifty-two week high of $10.24. The stock’s 50-day moving average price is $10.01 and its 200 day moving average price is $9.95.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Black Spade Acquisition III from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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, also known as a special purpose acquisition company (SPAC), listed on the New York Stock Exchange under the symbol BIII. The company was formed to pursue a business combination with one or more private businesses.

Unlike an operating company, Black Spade Acquisition III does not currently manufacture products or provide commercial services. Its activities are focused on identifying a potential target and completing a merger, share exchange, asset acquisition, reorganization, or similar transaction that would result in a combined publicly traded company.

The company’s geographic focus, prospective acquisition target, and long-term operating business depend on the transaction it may complete.

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