Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Stock Short Interest Report for October

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 375 shares, a decline of 48.6% from the September 30th total of 729 shares. Based on an average daily volume of 33 shares, the short-interest ratio is presently 11.4 days.

Blue Water Acquisition Corp. III Price Performance

Shares of BLUWU stock remained flat at $10.50 during trading hours on Friday. The business’s 50-day moving average price is $10.59 and its 200 day moving average price is $10.56. Blue Water Acquisition Corp. III has a 52 week low of $10.00 and a 52 week high of $12.85.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

An institutional investor recently bought a new position in Blue Water Acquisition Corp. III stock. Lineage Point Capital LP purchased a new stake in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUWU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 119,318 shares of the company’s stock, valued at approximately $1,250,000.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. III is a blank check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination with one or more operating businesses.

The company does not currently operate a commercial business or offer products and services of its own. Its intended transaction could take the form of a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with a target company.

Blue Water Acquisition Corp.