Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Down 57.0% in June

Texas Ventures Acquisition III Corp (NASDAQ:TVA) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,329 shares, a drop of 57.0% from the May 31st total of 5,412 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 25,964 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Texas Ventures Acquisition III

A number of large investors have recently made changes to their positions in the company. DLD Asset Management LP lifted its holdings in Texas Ventures Acquisition III by 106.9% during the first quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock worth $2,048,000 after acquiring an additional 101,805 shares in the last quarter. Yorkville Advisors Global LP bought a new stake in shares of Texas Ventures Acquisition III in the first quarter worth about $10,910,000. Lincoln Capital Corp bought a new stake in shares of Texas Ventures Acquisition III in the first quarter worth about $520,000. Praetorian PR LLC acquired a new stake in shares of Texas Ventures Acquisition III during the fourth quarter worth about $2,077,000. Finally, Rivernorth Capital Management LLC raised its position in shares of Texas Ventures Acquisition III by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,233,000 after purchasing an additional 100,000 shares during the period.

Texas Ventures Acquisition III Price Performance

Shares of Texas Ventures Acquisition III stock traded up $0.01 during trading on Tuesday, hitting $10.55. 7,183 shares of the company were exchanged, compared to its average volume of 86,320. Texas Ventures Acquisition III has a 1-year low of $10.06 and a 1-year high of $12.27. The firm’s fifty day moving average price is $10.49 and its 200 day moving average price is $10.54.

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

Wall Street Analysts Forecast Growth

TVA has been the topic of several research reports. Wall Street Zen lowered Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average 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.