Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Down 47.6% in April

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 473 shares, a decline of 47.6% from the April 15th total of 903 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 18,575 shares, the days-to-cover ratio is currently 0.0 days.

Blue Water Acquisition Corp. III Stock Up 0.2%

Shares of NASDAQ BLUW traded up $0.02 during mid-day trading on Friday, hitting $10.27. The stock had a trading volume of 2,891 shares, compared to its average volume of 18,320. Blue Water Acquisition Corp. III has a 1 year low of $9.93 and a 1 year high of $10.41. The business has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $10.26.

Blue Water Acquisition Corp. III (NASDAQ:BLUW) last issued its earnings results on Tuesday, April 14th. The company reported ($0.03) EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Warberg Asset Management LLC purchased a new position in shares of Blue Water Acquisition Corp. III in the third quarter worth $200,000. PenderFund Capital Management Ltd. purchased a new position in shares of Blue Water Acquisition Corp. III in the fourth quarter worth $232,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Blue Water Acquisition Corp. III in the third quarter worth $399,000. Bulldog Investors LLP purchased a new position in Blue Water Acquisition Corp. III during the 3rd quarter valued at $414,000. Finally, Context Capital Management LLC purchased a new position in Blue Water Acquisition Corp. III during the 3rd quarter valued at $498,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BLUW shares. 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, April 24th. Wall Street Zen upgraded shares of Blue Water Acquisition Corp. III to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About Blue Water Acquisition Corp. III

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.