Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Short Interest Update

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 2,984 shares, a decline of 74.7% from the December 31st total of 11,798 shares. Based on an average daily volume of 927 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 927 shares, the days-to-cover ratio is currently 3.2 days.

Blue Water Acquisition Corp. III Stock Down 1.4%

BLUWU opened at $10.52 on Thursday. Blue Water Acquisition Corp. III has a 52 week low of $10.00 and a 52 week high of $11.00. The business has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $10.24.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in shares of Blue Water Acquisition Corp. III in the third quarter valued at approximately $158,000. Clear Street Group Inc. purchased a new stake in Blue Water Acquisition Corp. III during the third quarter worth about $1,037,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at approximately $100,000. Hudson Bay Capital Management LP purchased a new stake in shares of Blue Water Acquisition Corp. III during the 2nd quarter worth approximately $6,503,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Blue Water Acquisition Corp. III during the second quarter worth $5,005,000.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.