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

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,275 shares, a growth of 169.6% from the April 30th total of 473 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 12,353 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Warberg Asset Management LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $200,000. MMCAP International Inc. SPC bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $1,994,000. Picton Mahoney Asset Management bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $4,990,000. Context Capital Management LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $498,000. Finally, ATW Spac Management LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the 3rd quarter valued at about $1,114,000.

Blue Water Acquisition Corp. III Stock Performance

Shares of BLUW stock remained flat at $10.27 on Friday. The stock had a trading volume of 5,284 shares, compared to its average volume of 13,457. Blue Water Acquisition Corp. III has a 12 month low of $9.93 and a 12 month high of $10.41. The firm has a 50 day moving average price of $10.27 and a 200 day moving average price of $10.27.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Blue Water Acquisition Corp. III currently 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.