Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Update

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the recipient of a significant growth in short interest in the month of 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. Based on an average daily volume of 13,217 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Blue Water Acquisition Corp. III Stock Performance

Shares of NASDAQ BLUW remained flat at $10.37 during midday trading on Monday. The stock had a trading volume of 549 shares, compared to its average volume of 69,220. Blue Water Acquisition Corp. III has a twelve month low of $9.96 and a twelve month high of $10.41. The stock’s 50-day moving average price is $10.35 and its two-hundred day moving average price is $10.32.

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

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

Institutional investors have recently modified their holdings of the company. PenderFund Capital Management Ltd. acquired a new position in Blue Water Acquisition Corp. III during the 4th quarter valued at about $232,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the third quarter valued at approximately $399,000. Geode Capital Management LLC boosted its position in shares of 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 period. Cantor Fitzgerald L. P. bought a new position in Blue Water Acquisition Corp. III in the 4th quarter worth approximately $670,000. Finally, L1 Global Manager Pty Ltd acquired a new stake in Blue Water Acquisition Corp. III in the 4th quarter valued at approximately $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.