Black Spade Acquisition III Co (NYSE:BIII) Sees Large Decline in Short Interest

Black Spade Acquisition III Co (NYSE:BIII) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 248 shares, a decrease of 84.1% from the September 15th total of 1,562 shares. Based on an average daily trading volume, of 19,251 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Black Spade Acquisition III in a report on Monday, September 28th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Black Spade Acquisition III Stock Performance

NYSE:BIII traded up $0.01 during trading hours on Monday, hitting $10.08. The company had a trading volume of 11,407 shares, compared to its average volume of 113,976. The stock has a 50-day moving average price of $10.03 and a 200 day moving average price of $9.96. Black Spade Acquisition III has a 52 week low of $9.83 and a 52 week high of $10.24.

Black Spade Acquisition III Company Profile

Black Spade Acquisition III Co is a blank-check company, also known as a special purpose acquisition company (SPAC), listed on the New York Stock Exchange under the symbol BIII.

The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. It does not currently operate a conventional business or offer products and services to customers.

Black Spade Acquisition III has not publicly identified a completed acquisition or operating target in the information available.