Black Spade Acquisition III Co (NYSE:BIII – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,659 shares, a growth of 569.0% from the September 30th total of 248 shares. Based on an average trading volume of 73,063 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Black Spade Acquisition III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Black Spade Acquisition III has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Black Spade Acquisition III
Black Spade Acquisition III Stock Up 0.1%
NYSE:BIII traded up $0.01 during mid-day trading on Thursday, reaching $10.09. 18,832 shares of the company were exchanged, compared to its average volume of 111,963. The company has a fifty day moving average of $10.06 and a 200 day moving average of $9.97. 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
Black Spade Acquisition III Co (NYSE:BIII) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. The company does not conduct traditional commercial operations and does not currently offer products or services of its own.
Like other blank-check companies, Black Spade Acquisition III raises capital through its public listing and holds those funds while its management team evaluates potential targets.
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