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. Based on an average trading volume of 29,993 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at approximately $3,455,000. Two Sigma Investments LP bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter worth approximately $7,943,000. Virtu Financial LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter worth approximately $4,566,000. AQR Arbitrage LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter worth approximately $11,485,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Blue Water Acquisition Corp. III in the third quarter valued at approximately $9,970,000.

Blue Water Acquisition Corp. III Price Performance

NASDAQ BLUW traded up $0.01 during midday trading on Friday, hitting $10.36. The company had a trading volume of 8,558 shares, compared to its average volume of 14,629. The firm has a 50-day moving average price of $10.33 and a 200-day moving average price of $10.31. Blue Water Acquisition Corp. III has a twelve month low of $9.94 and a twelve month high of $10.41.

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

Analysts Set New Price Targets

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

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.