Blue Water Acquisition Corp. III (NASDAQ:BLUW – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 473 shares, a decline of 47.6% from the April 15th total of 903 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,575 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Trading of Blue Water Acquisition Corp. III
A number of hedge funds and other institutional investors have recently modified their holdings of BLUW. Anson Funds Management LP purchased a new stake in shares of Blue Water Acquisition Corp. III in the 4th quarter worth about $25,645,000. Harraden Circle Investments LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the 4th quarter worth about $17,779,000. Magnetar Financial LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter worth about $14,978,000. AQR Arbitrage LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter worth about $11,485,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter worth about $9,970,000.
Blue Water Acquisition Corp. III Stock Up 0.2%
Blue Water Acquisition Corp. III stock traded up $0.02 during mid-day trading on Friday, reaching $10.27. 2,891 shares of the company traded hands, compared to its average volume of 18,320. The firm’s 50 day moving average price is $10.28 and its 200 day moving average price is $10.26. Blue Water Acquisition Corp. III has a 52-week low of $9.93 and a 52-week high of $10.41.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on BLUW shares. Weiss Ratings raised shares of Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Wall Street Zen raised shares of Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Blue Water Acquisition Corp. III currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on Blue Water Acquisition Corp. III
Blue Water Acquisition Corp. III Company Profile
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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