Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 1,299 shares, a drop of 58.4% from the August 15th total of 3,125 shares. Based on an average trading volume of 1,356 shares, the short-interest ratio is presently 1.0 days.
Blue Water Acquisition Corp. III Stock Performance
BLUWW stock traded up $0.00 during trading hours on Monday, reaching $0.31. The stock had a trading volume of 9,237 shares, compared to its average volume of 9,682. Blue Water Acquisition Corp. III has a fifty-two week low of $0.12 and a fifty-two week high of $0.85. The stock has a 50-day simple moving average of $0.35 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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