Blue Water Acquisition Corp. IV (NYSE:BWIV) Sees Significant Drop in Short Interest

Blue Water Acquisition Corp. IV (NYSE:BWIV) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 222 shares, a decline of 65.2% from the September 15th total of 638 shares. Based on an average trading volume of 41,204 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Blue Water Acquisition Corp. IV Stock Up 0.1%

BWIV stock traded up $0.01 during midday trading on Monday, reaching $9.99. 11,218 shares of the stock were exchanged, compared to its average volume of 33,598. 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 fifty day moving average of $9.96.

About Blue Water Acquisition Corp. IV

Blue Water Acquisition Corp. IV is a blank-check company, also known as a special purpose acquisition company (SPAC), organized to identify and complete a business combination with one or more private companies.

The company does not operate a traditional business and does not currently offer products or services. Its activities are primarily focused on evaluating potential merger, acquisition, or similar transactions that could result in a target company becoming publicly traded.

Blue Water Acquisition Corp.