Short Interest in Texas Ventures Acquisition III Corp (NASDAQ:TVA) Drops By 46.2%

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 10,675 shares, a decrease of 46.2% from the April 30th total of 19,840 shares. Based on an average daily volume of 32,824 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Texas Ventures Acquisition III Price Performance

NASDAQ:TVA opened at $10.52 on Monday. The firm’s 50-day moving average is $10.44. Texas Ventures Acquisition III has a 52-week low of $9.98 and a 52-week high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $0.17 EPS for the quarter.

Institutional Investors Weigh In On Texas Ventures Acquisition III

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. J. Goldman & Co LP lifted its holdings in Texas Ventures Acquisition III by 38.9% during the fourth quarter. J. Goldman & Co LP now owns 1,216,321 shares of the company’s stock valued at $12,954,000 after purchasing an additional 340,735 shares in the last quarter. Harraden Circle Investments LLC lifted its stake in shares of Texas Ventures Acquisition III by 172.3% during the 4th quarter. Harraden Circle Investments LLC now owns 1,066,667 shares of the company’s stock valued at $11,360,000 after buying an additional 675,000 shares in the last quarter. Yorkville Advisors Global LP bought a new position in Texas Ventures Acquisition III in the 1st quarter worth $10,910,000. Mercuria Capital Strategies LLC purchased a new stake in Texas Ventures Acquisition III in the 4th quarter worth $5,325,000. Finally, Governors Lane LP increased its stake in Texas Ventures Acquisition III by 11.5% in the 4th quarter. Governors Lane LP now owns 468,058 shares of the company’s stock worth $4,985,000 after buying an additional 48,258 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Texas Ventures Acquisition III in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Texas Ventures Acquisition III

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank?check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.