Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Up 153.9% in June

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 2,283 shares, a growth of 153.9% from the May 31st total of 899 shares. Based on an average daily trading volume, of 48,329 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Blue Water Acquisition Corp. III Price Performance

NASDAQ:BLUW opened at $10.32 on Monday. Blue Water Acquisition Corp. III has a one year low of $9.93 and a one year high of $10.41. The firm has a 50-day moving average of $10.28 and a 200-day moving average of $10.30.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Picton Mahoney Asset Management purchased a new position in shares of Blue Water Acquisition Corp. III during the third quarter valued at approximately $4,990,000. Context Capital Management LLC purchased a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at $498,000. ATW Spac Management LLC purchased a new stake in Blue Water Acquisition Corp. III in the 3rd quarter valued at $1,114,000. Crossingbridge Advisors LLC bought a new position in Blue Water Acquisition Corp. III during the 3rd quarter valued at $979,000. Finally, Magnetar Financial LLC bought a new position in Blue Water Acquisition Corp. III during the 3rd quarter valued at $14,978,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus 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.