Black Spade Acquisition III Co (NYSE:BIII) Short Interest Update

Black Spade Acquisition III Co (NYSE:BIII) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,562 shares, a decline of 84.9% from the August 31st total of 10,318 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 327,686 shares, the days-to-cover ratio is presently 0.0 days.

Black Spade Acquisition III Price Performance

NYSE BIII traded down $0.01 on Friday, hitting $10.04. 21,642 shares of the company traded hands, compared to its average volume of 216,617. The business’s 50 day moving average price is $10.02 and its 200-day moving average price is $9.95. Black Spade Acquisition III has a 52-week low of $9.83 and a 52-week high of $10.24.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Black Spade Acquisition III from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Black Spade Acquisition III

Black Spade Acquisition III Co is a blank-check company, also known as a special purpose acquisition company (SPAC), listed on the New York Stock Exchange under the symbol BIII. The company was formed to pursue a business combination with one or more private businesses.

Unlike an operating company, Black Spade Acquisition III does not currently manufacture products or provide commercial services. Its activities are focused on identifying a potential target and completing a merger, share exchange, asset acquisition, reorganization, or similar transaction that would result in a combined publicly traded company.

The company’s geographic focus, prospective acquisition target, and long-term operating business depend on the transaction it may complete.