Blue Water Acquisition Corp. III (NASDAQ:BLUW – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 908 shares, a drop of 52.8% from the July 15th total of 1,924 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 29,993 shares, the short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On Blue Water Acquisition Corp. III
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. PenderFund Capital Management Ltd. bought a new stake in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at approximately $232,000. Schonfeld Strategic Advisors LLC bought a new position in Blue Water Acquisition Corp. III during the 3rd quarter worth $399,000. Geode Capital Management LLC raised its holdings in Blue Water Acquisition Corp. III by 193.0% in the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock valued at $634,000 after acquiring an additional 40,463 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in Blue Water Acquisition Corp. III in the 4th quarter valued at $670,000. Finally, L1 Global Manager Pty Ltd bought a new stake in shares of Blue Water Acquisition Corp. III during the 4th quarter valued at $1,032,000.
Blue Water Acquisition Corp. III Trading Up 0.1%
Shares of BLUW stock traded up $0.01 on Friday, hitting $10.36. The company’s stock had a trading volume of 8,558 shares, compared to its average volume of 14,629. Blue Water Acquisition Corp. III has a fifty-two week low of $9.94 and a fifty-two week high of $10.41. The stock’s 50 day moving average is $10.33 and its 200-day moving average is $10.31.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Blue Water Acquisition Corp. III in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Check Out Our Latest Report on BLUW
About Blue Water Acquisition Corp. III
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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