Short Interest in Blue Water Acquisition Corp. III (NASDAQ:BLUW) Drops By 47.6%

Blue Water Acquisition Corp. III (NASDAQ:BLUW) saw 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 18,575 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

Institutional investors have recently made changes to their positions in the business. Mangrove Partners IM LLC raised its position in shares of Blue Water Acquisition Corp. III by 27.6% in the 4th quarter. Mangrove Partners IM LLC now owns 189,260 shares of the company’s stock valued at $1,953,000 after purchasing an additional 40,935 shares in the last quarter. MYDA Advisors LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the 4th quarter valued at approximately $3,096,000. Hudson Bay Capital Management LP acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $6,480,000. Polar Asset Management Partners Inc. acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $3,490,000. Finally, Berkley W R Corp acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $9,262,000.

Blue Water Acquisition Corp. III Stock Up 0.2%

NASDAQ BLUW traded up $0.02 on Friday, reaching $10.27. The company had a trading volume of 2,891 shares, compared to its average volume of 18,320. Blue Water Acquisition Corp. III has a 1 year low of $9.93 and a 1 year high of $10.41. The firm has a 50-day moving average of $10.28 and a 200-day moving average of $10.26.

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

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.