Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Stock Short Interest Drops 48.6%

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 375 shares, a drop of 48.6% from the September 30th total of 729 shares. Based on an average trading volume of 33 shares, the days-to-cover ratio is currently 11.4 days.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A hedge fund recently bought a new position in Blue Water Acquisition Corp. III stock. Harraden Circle Investments LLC acquired a new stake in shares of Blue Water Acquisition Corp. III (NASDAQ:BLUWU) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,190,700 shares of the company’s stock, valued at approximately $22,959,000. Blue Water Acquisition Corp. III accounts for approximately 2.3% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 15th biggest position.

Blue Water Acquisition Corp. III Stock Performance

BLUWU remained flat at $10.50 during trading on Monday. The company has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $10.56. Blue Water Acquisition Corp. III has a 1-year low of $10.00 and a 1-year high of $12.85.

About Blue Water Acquisition Corp. III

Blue Water Acquisition Corp. III is a blank check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a business combination with one or more operating businesses.

The company does not currently operate a commercial business or offer products and services of its own. Its intended transaction could take the form of a merger, share exchange, asset acquisition, share purchase, reorganization, or similar combination with a target company.

Blue Water Acquisition Corp.