Short Interest in Blue Water Acquisition Corp. III (NASDAQ:BLUWU) Declines By 26.5%

Blue Water Acquisition Corp. III (NASDAQ:BLUWU) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 12,498 shares, a drop of 26.5% from the November 30th total of 17,007 shares. Based on an average daily volume of 43,101 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 43,101 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Magnetar Financial LLC bought a new stake in shares of Blue Water Acquisition Corp. III during the 2nd quarter worth $15,008,000. AQR Arbitrage LLC acquired a new stake in shares of Blue Water Acquisition Corp. III in the 2nd quarter valued at approximately $15,008,000. LMR Partners LLP acquired a new position in Blue Water Acquisition Corp. III during the 2nd quarter worth approximately $10,010,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in Blue Water Acquisition Corp. III in the 2nd quarter valued at approximately $10,010,000. Finally, Shaolin Capital Management LLC acquired a new stake in Blue Water Acquisition Corp. III in the second quarter valued at approximately $9,084,000.

Blue Water Acquisition Corp. III Stock Up 0.1%

Shares of Blue Water Acquisition Corp. III stock traded up $0.01 during trading hours on Wednesday, hitting $10.58. The company’s stock had a trading volume of 2,800 shares, compared to its average volume of 86,662. Blue Water Acquisition Corp. III has a 12 month low of $10.00 and a 12 month high of $11.00. The stock has a 50 day moving average of $10.37 and a 200 day moving average of $10.15.

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.