Short Interest in Blue Water Acquisition Corp. III (NASDAQ:BLUW) Grows By 153.9%

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,283 shares, a growth of 153.9% from the May 31st total of 899 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 48,329 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Blue Water Acquisition Corp. III

Several hedge funds have recently modified their holdings of BLUW. Lineage Point Capital LP acquired a new position in shares of Blue Water Acquisition Corp. III during the 4th quarter valued at $1,130,000. Rivernorth Capital Management LLC grew its holdings in Blue Water Acquisition Corp. III by 15.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 451,223 shares of the company’s stock worth $4,657,000 after purchasing an additional 59,020 shares during the period. J. Goldman & Co LP bought a new stake in Blue Water Acquisition Corp. III in the fourth quarter valued at $3,764,000. Meteora Capital LLC bought a new stake in Blue Water Acquisition Corp. III in the fourth quarter valued at $2,620,000. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of Blue Water Acquisition Corp. III during the fourth quarter valued at about $232,000.

Blue Water Acquisition Corp. III Stock Down 0.1%

NASDAQ BLUW opened at $10.32 on Monday. The business has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $10.30. Blue Water Acquisition Corp. III has a one year low of $9.93 and a one year high of $10.41.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last issued its 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.