Blue Water Acquisition Corp. III (NASDAQ:BLUWW – Get Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,974 shares, a decline of 66.7% from the June 15th total of 5,927 shares. Based on an average daily trading volume, of 3,644 shares, the days-to-cover ratio is currently 0.5 days.
Blue Water Acquisition Corp. III Price Performance
Shares of BLUWW stock traded down $0.08 during trading hours on Wednesday, hitting $0.39. 129 shares of the company were exchanged, compared to its average volume of 9,873. Blue Water Acquisition Corp. III has a 1 year low of $0.05 and a 1 year high of $0.85. The business’s fifty day moving average price is $0.42.
Blue Water Acquisition Corp. III Company Profile
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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