Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Down 40.5% in July

Blue Water Acquisition Corp. III (NASDAQ:BLUW) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,924 shares, a drop of 40.5% from the June 30th total of 3,231 shares. Based on an average daily volume of 12,542 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Blue Water Acquisition Corp. III in a report on Tuesday, July 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Blue Water Acquisition Corp. III Price Performance

Shares of BLUW traded up $0.01 during midday trading on Thursday, reaching $10.37. 26,014 shares of the stock were exchanged, compared to its average volume of 23,902. Blue Water Acquisition Corp. III has a 52 week low of $9.93 and a 52 week high of $10.41. The company’s 50 day moving average is $10.31 and its two-hundred day moving average is $10.31.

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

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MYDA Advisors LLC purchased a new position in shares of Blue Water Acquisition Corp. III during the 4th quarter worth $3,096,000. L1 Global Manager Pty Ltd acquired a new stake in shares of Blue Water Acquisition Corp. III during the 4th quarter worth about $1,032,000. Lineage Point Capital LP acquired a new stake in shares of Blue Water Acquisition Corp. III during the fourth quarter worth about $1,130,000. First Trust Capital Management L.P. acquired a new position in Blue Water Acquisition Corp. III during the third quarter worth approximately $2,492,000. Finally, Whitebox Advisors LLC acquired a new position in shares of Blue Water Acquisition Corp. III in the 3rd quarter valued at $2,492,000.

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.