Blue Water Acquisition Corp. IV (NYSE:BWIV) Sees Significant Drop in Short Interest

Blue Water Acquisition Corp. IV (NYSE:BWIV) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 222 shares, a drop of 65.2% from the September 15th total of 638 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 41,204 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Blue Water Acquisition Corp. IV in a report on Tuesday, August 18th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

Blue Water Acquisition Corp. IV Price Performance

Shares of Blue Water Acquisition Corp. IV stock traded up $0.01 on Monday, hitting $9.99. 11,218 shares of the company’s stock traded hands, compared to its average volume of 33,598. The firm’s fifty day moving average price is $9.96. Blue Water Acquisition Corp. IV has a one year low of $9.85 and a one year high of $10.00.

Blue Water Acquisition Corp. IV Company Profile

Blue Water Acquisition Corp. IV is a blank-check company, also known as a special purpose acquisition company (SPAC), organized to identify and complete a business combination with one or more private companies.

The company does not operate a traditional business and does not currently offer products or services. Its activities are primarily focused on evaluating potential merger, acquisition, or similar transactions that could result in a target company becoming publicly traded.

Blue Water Acquisition Corp.