Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Down 40.5% in July

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 1,924 shares, a decrease of 40.5% from the June 30th total of 3,231 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 12,542 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Blue Water Acquisition Corp. III

Hedge funds have recently added to or reduced their stakes in the company. Anson Funds Management LP acquired a new position in Blue Water Acquisition Corp. III during the 4th quarter worth approximately $25,645,000. Harraden Circle Investments LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the 4th quarter valued at approximately $17,779,000. AQR Arbitrage LLC acquired a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at $11,485,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at $9,970,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter worth $7,943,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Blue Water Acquisition Corp. III in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Blue Water Acquisition Corp. III Stock Performance

NASDAQ:BLUW opened at $10.36 on Friday. Blue Water Acquisition Corp. III has a 12-month low of $9.93 and a 12-month high of $10.41. The stock has a fifty day moving average price of $10.32 and a 200 day moving average price of $10.31.

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