Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Short Interest Update

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 2,984 shares, a drop of 74.7% from the December 31st total of 11,798 shares. Based on an average daily volume of 927 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 927 shares, the short-interest ratio is currently 3.2 days.

Blue Water Acquisition Corp. III Price Performance

Shares of BLUWU opened at $10.52 on Wednesday. Blue Water Acquisition Corp. III has a 52-week low of $10.00 and a 52-week high of $11.00. The business’s 50 day moving average price is $10.56 and its two-hundred day moving average price is $10.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BLUWU. Deltec Asset Management LLC bought a new stake in Blue Water Acquisition Corp. III in the second quarter valued at $500,000. Wolverine Asset Management LLC acquired a new stake in shares of Blue Water Acquisition Corp. III in the 2nd quarter valued at about $1,001,000. Wealthspring Capital LLC bought a new stake in Blue Water Acquisition Corp. III in the 2nd quarter valued at about $1,955,000. MMCAP International Inc. SPC acquired a new position in Blue Water Acquisition Corp. III during the 2nd quarter worth approximately $2,002,000. Finally, Alberta Investment Management Corp bought a new position in Blue Water Acquisition Corp. III in the second quarter worth approximately $6,003,000.

Blue Water Acquisition Corp. III Company Profile

Blue Water Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in Delaware in March 2021 and listed on the Nasdaq under the ticker symbol BLUWU. As a blank‐check company, its primary objective is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

The company is sponsored by affiliates of Blue Water Acquisition Holdings III LLC and seeks to leverage its management team’s experience to target opportunities in sectors such as financial technology, consumer products and services, and business services.