Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,974 shares, a decline of 66.7% from the June 15th total of 5,927 shares. Based on an average daily volume of 3,644 shares, the days-to-cover ratio is currently 0.5 days.
Blue Water Acquisition Corp. III Stock Performance
NASDAQ BLUWW opened at $0.47 on Tuesday. The firm’s 50 day moving average is $0.42. Blue Water Acquisition Corp. III has a fifty-two week low of $0.05 and a fifty-two week high of $0.85.
Blue Water Acquisition Corp. III Company Profile
Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) organized to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is publicly listed on the Nasdaq exchange under the symbol BLUWW. As a blank-check vehicle, it does not operate an ongoing commercial business of its own but raises capital in public markets to pursue acquisition opportunities.
Like most SPACs, Blue Water Acquisition Corp.
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