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

Blue Water Acquisition Corp. III (NASDAQ:BLUW – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 1,924 shares, a drop of 40.5% from the June 30th total of 3,231 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 12,542 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blue Water Acquisition Corp. III in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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Blue Water Acquisition Corp. III Stock Up 0.0%

NASDAQ:BLUW traded up $0.01 during mid-day trading on Friday, reaching $10.37. The company’s stock had a trading volume of 268 shares, compared to its average volume of 33,476. Blue Water Acquisition Corp. III has a 1 year low of $9.93 and a 1 year high of $10.41. The stock has a fifty day moving average of $10.32 and a 200-day moving average of $10.31.

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

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

Several institutional investors and hedge funds have recently bought and sold shares of the company. PenderFund Capital Management Ltd. purchased a new position in Blue Water Acquisition Corp. III during the 4th quarter worth $232,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the third quarter worth about $399,000. Geode Capital Management LLC boosted its position in Blue Water Acquisition Corp. III by 193.0% in the fourth quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after buying an additional 40,463 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new stake in Blue Water Acquisition Corp. III in the fourth quarter valued at approximately $670,000. Finally, L1 Global Manager Pty Ltd purchased a new stake in Blue Water Acquisition Corp. III in the fourth quarter valued at approximately $1,032,000.

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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