Black Spade Acquisition III Co (NYSE:BIII) Stock Short Interest Drops 84.1%

Black Spade Acquisition III Co (NYSE:BIII) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 248 shares, a drop of 84.1% from the September 15th total of 1,562 shares. Based on an average trading volume of 19,251 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Black Spade Acquisition III in a research note on Monday, September 28th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Black Spade Acquisition III Trading Up 0.2%

BIII traded up $0.02 during trading on Friday, hitting $10.07. 561,793 shares of the stock traded hands, compared to its average volume of 20,539. Black Spade Acquisition III has a 12-month low of $9.83 and a 12-month high of $10.24. The firm has a 50-day moving average of $10.03 and a 200 day moving average of $9.96.

Black Spade Acquisition III Company Profile

Black Spade Acquisition III Co is a blank-check company, also known as a special purpose acquisition company (SPAC), listed on the New York Stock Exchange under the symbol BIII.

The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. It does not currently operate a conventional business or offer products and services to customers.

Black Spade Acquisition III has not publicly identified a completed acquisition or operating target in the information available.