Short Interest in Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Decreases By 26.5%

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 12,498 shares, a decline of 26.5% from the November 30th total of 17,007 shares. Based on an average trading volume of 43,101 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 43,101 shares, the short-interest ratio is currently 0.3 days.

Blue Water Acquisition Corp. III Price Performance

Shares of Blue Water Acquisition Corp. III stock opened at $10.58 on Tuesday. Blue Water Acquisition Corp. III has a fifty-two week low of $10.00 and a fifty-two week high of $11.00. The business’s fifty day moving average is $10.36 and its two-hundred day moving average is $10.15.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

Several large investors have recently added to or reduced their stakes in BLUWU. Schonfeld Strategic Advisors LLC acquired a new stake in Blue Water Acquisition Corp. III in the 3rd quarter worth about $100,000. Susquehanna International Group LLP acquired a new stake in shares of Blue Water Acquisition Corp. III in the third quarter worth approximately $158,000. Jane Street Group LLC purchased a new stake in Blue Water Acquisition Corp. III in the second quarter valued at approximately $197,000. Warberg Asset Management LLC acquired a new position in Blue Water Acquisition Corp. III during the second quarter worth approximately $200,000. Finally, Deltec Asset Management LLC acquired a new position in Blue Water Acquisition Corp. III during the second quarter worth approximately $500,000.

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.