Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 7,315 shares, a decline of 33.5% from the May 14th total of 10,992 shares. Based on an average trading volume of 4,548 shares, the days-to-cover ratio is currently 1.6 days.
Blue Water Acquisition Corp. III Stock Up 1.1%
Shares of BLUWW opened at $0.42 on Tuesday. The stock’s fifty day moving average is $0.42. Blue Water Acquisition Corp. III has a 12 month low of $0.05 and a 12 month high of $0.85.
Blue Water Acquisition Corp. III Company Profile
Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) organized to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company is publicly listed on the Nasdaq exchange under the symbol BLUWW. As a blank-check vehicle, it does not operate an ongoing commercial business of its own but raises capital in public markets to pursue acquisition opportunities.
Like most SPACs, Blue Water Acquisition Corp.
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