Black Spade Acquisition III Co (NYSE:BIII) Stock Short Interest Report for October

Black Spade Acquisition III Co (NYSE:BIII) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 1,659 shares, an increase of 569.0% from the September 30th total of 248 shares. Based on an average daily trading volume, of 73,063 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Black Spade Acquisition III Stock Performance

Shares of BIII remained flat at $10.09 during midday trading on Wednesday. The stock had a trading volume of 18,832 shares, compared to its average volume of 111,963. The firm has a fifty day simple moving average of $10.06 and a 200-day simple moving average of $9.97. Black Spade Acquisition III has a twelve month low of $9.83 and a twelve month high of $10.24.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Black Spade Acquisition III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Black Spade Acquisition III has an average rating of “Sell”.

About Black Spade Acquisition III

Black Spade Acquisition III Co (NYSE:BIII) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses. The company does not conduct traditional commercial operations and does not currently offer products or services of its own.

Like other blank-check companies, Black Spade Acquisition III raises capital through its public listing and holds those funds while its management team evaluates potential targets.