Blue Water Acquisition Corp. III (NASDAQ:BLUW) Sees Significant Drop in Short Interest

Blue Water Acquisition Corp. III (NASDAQ:BLUW) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 473 shares, a decline of 47.6% from the April 15th total of 903 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 18,575 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLUW. Warberg Asset Management LLC acquired a new stake in Blue Water Acquisition Corp. III in the third quarter worth approximately $200,000. PenderFund Capital Management Ltd. acquired a new stake in Blue Water Acquisition Corp. III in the fourth quarter worth approximately $232,000. Schonfeld Strategic Advisors LLC acquired a new stake in Blue Water Acquisition Corp. III in the third quarter worth approximately $399,000. Bulldog Investors LLP acquired a new stake in Blue Water Acquisition Corp. III in the third quarter worth approximately $414,000. Finally, Context Capital Management LLC acquired a new stake in Blue Water Acquisition Corp. III in the third quarter worth approximately $498,000.

Blue Water Acquisition Corp. III Stock Up 0.2%

Shares of Blue Water Acquisition Corp. III stock traded up $0.02 on Monday, reaching $10.27. 182 shares of the company were exchanged, compared to its average volume of 36,404. The company’s 50-day moving average is $10.28 and its two-hundred day moving average is $10.26. Blue Water Acquisition Corp. III has a 1-year low of $9.93 and a 1-year high of $10.41.

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.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BLUW shares. Wall Street Zen upgraded Blue Water Acquisition Corp. III to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings upgraded Blue Water Acquisition Corp. III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Blue Water Acquisition Corp. III presently has an average 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.