Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Sees Large Decline in Short Interest

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 970 shares, a drop of 37.8% from the May 31st total of 1,560 shares. Based on an average daily volume of 2,246 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

Hedge funds have recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the third quarter worth $100,000. Susquehanna International Group LLP purchased a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter worth about $158,000. Jane Street Group LLC bought a new position in Blue Water Acquisition Corp. III in the 2nd quarter worth about $197,000. Anson Funds Management LP bought a new position in Blue Water Acquisition Corp. III in the 4th quarter worth about $1,055,000. Finally, Clear Street Group Inc. purchased a new stake in Blue Water Acquisition Corp. III during the 3rd quarter valued at about $1,037,000.

Blue Water Acquisition Corp. III Stock Performance

Shares of BLUWU stock remained flat at $10.50 during trading hours on Friday. 233 shares of the stock traded hands, compared to its average volume of 1,955. The stock has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $10.57. Blue Water Acquisition Corp. III has a 1 year low of $10.00 and a 1 year high of $12.85.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.