Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Down 52.8% in July

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 908 shares, a drop of 52.8% from the July 15th total of 1,924 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 29,993 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Blue Water Acquisition Corp. III Trading Up 0.1%

Shares of NASDAQ BLUW traded up $0.01 during mid-day trading on Monday, reaching $10.36. The company had a trading volume of 50,075 shares, compared to its average volume of 31,846. Blue Water Acquisition Corp. III has a twelve month low of $9.94 and a twelve month high of $10.41. The stock’s 50 day moving average is $10.33 and its 200-day moving average is $10.31.

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

Institutional Trading of Blue Water Acquisition Corp. III

Institutional investors have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. bought a new position in shares of Blue Water Acquisition Corp. III during the 4th quarter valued at $232,000. Schonfeld Strategic Advisors LLC bought a new stake in Blue Water Acquisition Corp. III in the third quarter worth $399,000. Geode Capital Management LLC increased its position in Blue Water Acquisition Corp. III by 193.0% during the fourth quarter. Geode Capital Management LLC now owns 61,427 shares of the company’s stock worth $634,000 after buying an additional 40,463 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new position in Blue Water Acquisition Corp. III during the fourth quarter worth $670,000. Finally, L1 Global Manager Pty Ltd bought a new position in Blue Water Acquisition Corp. III during the fourth quarter valued at about $1,032,000.

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.