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

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 1,560 shares, a decrease of 47.7% from the March 15th total of 2,984 shares. Based on an average daily trading volume, of 951 shares, the days-to-cover ratio is presently 1.6 days.

Blue Water Acquisition Corp. III Price Performance

Shares of BLUWU stock opened at $10.38 on Tuesday. Blue Water Acquisition Corp. III has a 12-month low of $10.00 and a 12-month high of $11.00. The business has a 50 day simple moving average of $10.57 and a 200 day simple moving average of $10.44.

Hedge Funds Weigh In On Blue Water Acquisition Corp. III

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anson Funds Management LP bought a new position in Blue Water Acquisition Corp. III during the 4th quarter valued at $1,055,000. Clear Street Group Inc. boosted its stake in Blue Water Acquisition Corp. III by 151.3% during the 4th quarter. Clear Street Group Inc. now owns 259,755 shares of the company’s stock valued at $2,740,000 after purchasing an additional 156,372 shares in the last quarter. Susquehanna International Group LLP bought a new position in Blue Water Acquisition Corp. III during the 3rd quarter valued at $158,000. Schonfeld Strategic Advisors LLC bought a new position in Blue Water Acquisition Corp. III during the 3rd quarter valued at $100,000. Finally, Hudson Bay Capital Management LP bought a new position in Blue Water Acquisition Corp. III during the 2nd quarter valued at $6,503,000.

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.