Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Up 190.6% in August

Blue Water Acquisition Corp. III (NASDAQ:BLUWGet Free Report) was the target of a significant growth in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,217 shares, the days-to-cover ratio is currently 0.1 days.

Blue Water Acquisition Corp. III Trading Down 0.1%

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

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Research Report on Blue Water Acquisition Corp. III

Institutional Trading of Blue Water Acquisition Corp. III

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

Blue Water Acquisition Corp. III Company Profile

(Get Free Report)

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.

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