Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,299 shares, a decrease of 58.4% from the August 15th total of 3,125 shares. Based on an average daily trading volume, of 1,356 shares, the short-interest ratio is presently 1.0 days.
Blue Water Acquisition Corp. III Stock Performance
BLUWW traded up $0.00 during trading on Tuesday, hitting $0.31. The stock had a trading volume of 13,073 shares, compared to its average volume of 9,716. Blue Water Acquisition Corp. III has a 12 month low of $0.12 and a 12 month high of $0.85. The company has a 50 day simple moving average of $0.34 and a 200-day simple moving average of $0.41.
About Blue Water Acquisition Corp. III
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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