Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Down 52.8% in July

Key Points

• Short interest fell 52.8% to 908 shares as of July 31, down from 1,924 shares on July 15; short interest represented approximately 0.0% of shares outstanding.
• Several institutional investors established or expanded positions, including Geode Capital Management, which increased its stake by 193% to 61,427 shares.
• BLUW shares edged up 0.1% to $10.36, while the sole analyst rating remains “Sell”. The company reported quarterly EPS of $0.08 and primarily exists to pursue a business combination.

Blue Water Acquisition Corp. III (NASDAQ:BLUW - Get Free Report) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 908 shares, a decrease of 52.8% from the July 15th total of 1,924 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 29,993 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. PenderFund Capital Management Ltd. bought a new position in shares of Blue Water Acquisition Corp. III during the fourth quarter worth approximately $232,000. Schonfeld Strategic Advisors LLC bought a new position in Blue Water Acquisition Corp. III during the 3rd quarter worth $399,000. Geode Capital Management LLC increased its position in Blue Water Acquisition Corp. III by 193.0% during the 4th quarter. Geode Capital Management LLC now owns 61,427 shares of the company's stock worth $634,000 after buying an additional 40,463 shares during the period. Cantor Fitzgerald L. P. acquired a new stake in shares of Blue Water Acquisition Corp. III during the fourth quarter worth $670,000. Finally, L1 Global Manager Pty Ltd bought a new stake in shares of Blue Water Acquisition Corp. III in the fourth quarter valued at about $1,032,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Blue Water Acquisition Corp. III in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Blue Water Acquisition Corp. III currently has an average rating of "Sell".

Blue Water Acquisition Corp. III Stock Up 0.1%

BLUW stock traded up $0.01 during mid-day trading on Friday, reaching $10.36. The company had a trading volume of 8,558 shares, compared to its average volume of 14,629. Blue Water Acquisition Corp. III has a 52 week low of $9.94 and a 52 week high of $10.41. The stock has a 50 day simple moving average of $10.33 and a two-hundred day simple moving average of $10.31.

Blue Water Acquisition Corp. III (NASDAQ:BLUW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter.

Blue Water Acquisition Corp. III Company Profile

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.

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