Blue Water Acquisition Corp. III (NASDAQ:BLUW) Sees Large Growth in Short Interest

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,973 shares, a growth of 190.6% from the August 15th total of 679 shares. Based on an average daily volume of 13,217 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Blue Water Acquisition Corp. III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Blue Water Acquisition Corp. III has an average rating of “Sell”.

Blue Water Acquisition Corp. III Stock Performance

Shares of NASDAQ:BLUW opened at $10.36 on Friday. Blue Water Acquisition Corp. III has a 1 year low of $9.96 and a 1 year high of $10.41. The stock’s 50-day moving average is $10.35 and its 200 day moving average is $10.32.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.08 EPS for the quarter.

Institutional Trading of Blue Water Acquisition Corp. III

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLUW. MYDA Advisors LLC bought a new position in Blue Water Acquisition Corp. III in the 4th quarter worth $3,096,000. L1 Global Manager Pty Ltd bought a new stake in shares of Blue Water Acquisition Corp. III during the 4th quarter valued at about $1,032,000. Lineage Point Capital LP purchased a new position in shares of Blue Water Acquisition Corp. III during the fourth quarter valued at about $1,130,000. Cantor Fitzgerald L. P. bought a new position in Blue Water Acquisition Corp. III in the fourth quarter worth about $670,000. Finally, Geode Capital Management LLC boosted its position in Blue Water Acquisition Corp. III by 193.0% during 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.

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.