Blue Water Acquisition Corp. IV (NYSE:BWIV) Short Interest Down 58.0% in August

Blue Water Acquisition Corp. IV (NYSE:BWIV) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 660 shares, a drop of 58.0% from the August 15th total of 1,572 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 18,460 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Blue Water Acquisition Corp. IV in a research report on Tuesday, August 18th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Blue Water Acquisition Corp. IV Stock Up 0.1%

Shares of Blue Water Acquisition Corp. IV stock traded up $0.01 during midday trading on Tuesday, hitting $9.98. The company had a trading volume of 200,575 shares, compared to its average volume of 20,455. Blue Water Acquisition Corp. IV has a 52-week low of $9.85 and a 52-week high of $10.00. The firm has a 50 day moving average price of $9.93.

About Blue Water Acquisition Corp. IV

Blue Water Acquisition Corp. IV is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol BWIV. The company was formed to identify and complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, Blue Water Acquisition Corp. IV does not have established products, services or geographic markets of its own. Its activities are focused on evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company’s public disclosures should be consulted for the most current information regarding its acquisition strategy, transaction status and leadership.