Blue Water Acquisition Corp. III (NASDAQ:BLUW) Short Interest Down 65.6% in April

Key Points

• Short interest in Blue Water Acquisition Corp. III fell by 65.6% in April to 903 shares (from 2,628 on March 31), leaving a days‑to‑cover of 0.0 and about 0.0% of shares short.
• Analysts hold a consensus rating of Sell, with Weiss Ratings reaffirming a "sell (e+)" while Wall Street Zen recently raised the stock to a "hold."
• The company is a blank‑check SPAC with no significant operations, its shares trade around $10 (12‑month range $9.93–$10.41), and several institutional investors recently established new positions.

Blue Water Acquisition Corp. III (NASDAQ:BLUW - Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 903 shares, a decrease of 65.6% from the March 31st total of 2,628 shares. Based on an average daily trading volume, of 73,298 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Blue Water Acquisition Corp. III in a report on Friday, April 10th. Wall Street Zen raised shares of Blue Water Acquisition Corp. III to a "hold" rating in a report on Saturday, February 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

Blue Water Acquisition Corp. III Price Performance

Shares of BLUW opened at $10.26 on Friday. Blue Water Acquisition Corp. III has a 12-month low of $9.93 and a 12-month high of $10.41. The firm has a 50-day moving average price of $10.31 and a 200 day moving average price of $10.23.

Institutional Investors Weigh In On Blue Water Acquisition Corp. III

Hedge funds have recently modified their holdings of the company. Warberg Asset Management LLC purchased a new stake in shares of Blue Water Acquisition Corp. III in the third quarter valued at about $200,000. PenderFund Capital Management Ltd. acquired a new position in Blue Water Acquisition Corp. III in the fourth quarter valued at about $232,000. Schonfeld Strategic Advisors LLC acquired a new position in Blue Water Acquisition Corp. III in the third quarter valued at about $399,000. Bulldog Investors LLP acquired a new position in Blue Water Acquisition Corp. III in the third quarter valued at about $414,000. Finally, Context Capital Management LLC acquired a new position in Blue Water Acquisition Corp. III in the third quarter valued at about $498,000.

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.

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