Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) saw a significant decline in short interest in 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 daily trading volume, of 4,548 shares, the short-interest ratio is currently 1.6 days.
Blue Water Acquisition Corp. III Price Performance
BLUWW opened at $0.45 on Wednesday. Blue Water Acquisition Corp. III has a fifty-two week low of $0.05 and a fifty-two week high of $0.85. The firm has a fifty day moving average price of $0.42.
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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