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

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

Wall Street Analysts Forecast Growth

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

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Black Spade Acquisition III Price Performance

Black Spade Acquisition III stock traded down $0.01 during mid-day trading on Friday, hitting $10.04. The stock had a trading volume of 21,642 shares, compared to its average volume of 378,175. The stock has a 50-day simple moving average of $10.01 and a two-hundred day simple moving average of $9.95. Black Spade Acquisition III has a 12 month low of $9.83 and a 12 month high of $10.24.

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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