Black Spade Acquisition III Co (NYSE:BIII) Shares Shorted: Short Interest Down 84.1% in September

Black Spade Acquisition III Co (NYSE:BIII) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 248 shares, a decline of 84.1% from the September 15th total of 1,562 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 19,251 shares, the days-to-cover ratio is presently 0.0 days.

Black Spade Acquisition III Stock Up 0.2%

Shares of NYSE BIII traded up $0.02 during midday trading on Friday, hitting $10.07. 561,793 shares of the company’s stock were exchanged, compared to its average volume of 20,539. The business’s fifty day moving average price is $10.03 and its two-hundred day moving average price is $9.96. Black Spade Acquisition III has a 12-month low of $9.83 and a 12-month high of $10.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Black Spade Acquisition III in a report on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

About Black Spade Acquisition III

Black Spade Acquisition III Co is a blank-check company, also known as a special purpose acquisition company (SPAC), listed on the New York Stock Exchange under the symbol BIII.

The company was formed to identify and complete a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. It does not currently operate a conventional business or offer products and services to customers.

Black Spade Acquisition III has not publicly identified a completed acquisition or operating target in the information available.