Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Down 65.6% in April

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 903 shares, a decline of 65.6% from the March 31st total of 2,628 shares. Based on an average trading volume of 73,298 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research analysts have weighed in on BLUW shares. Wall Street Zen upgraded shares of Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings upgraded shares of Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Blue Water Acquisition Corp. III has an average rating of “Sell”.

Institutional Trading of Blue Water Acquisition Corp. III

A number of hedge funds have recently added to or reduced their stakes in the business. Anson Funds Management LP purchased a new stake in Blue Water Acquisition Corp. III in the fourth quarter worth about $25,645,000. Harraden Circle Investments LLC purchased a new stake in Blue Water Acquisition Corp. III in the fourth quarter worth about $17,779,000. Magnetar Financial LLC purchased a new stake in Blue Water Acquisition Corp. III in the third quarter worth about $14,978,000. AQR Arbitrage LLC purchased a new stake in Blue Water Acquisition Corp. III in the third quarter worth about $11,485,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Blue Water Acquisition Corp. III in the third quarter worth about $9,970,000.

Blue Water Acquisition Corp. III Stock Performance

NASDAQ BLUW opened at $10.26 on Friday. The company’s 50-day moving average price is $10.31 and its 200-day moving average price is $10.24. Blue Water Acquisition Corp. III has a 12 month low of $9.93 and a 12 month high of $10.41.

Blue Water Acquisition Corp. III Company Profile

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.