Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Update

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 59,891 shares, an increase of 1,474.8% from the June 30th total of 3,803 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 49,212 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of Texas Ventures Acquisition III

Several hedge funds have recently bought and sold shares of the company. DLD Asset Management LP grew its position in Texas Ventures Acquisition III by 106.9% in the 1st quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock worth $2,048,000 after purchasing an additional 101,805 shares during the last quarter. Yorkville Advisors Global LP acquired a new stake in Texas Ventures Acquisition III in the 1st quarter valued at approximately $10,910,000. Lincoln Capital Corp acquired a new stake in Texas Ventures Acquisition III in the 1st quarter valued at approximately $520,000. Praetorian PR LLC bought a new stake in Texas Ventures Acquisition III during the 4th quarter valued at $2,077,000. Finally, Rivernorth Capital Management LLC boosted its position in Texas Ventures Acquisition III by 33.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,233,000 after acquiring an additional 100,000 shares during the period.

Texas Ventures Acquisition III Trading Up 0.1%

NASDAQ:TVA traded up $0.01 during midday trading on Friday, reaching $10.53. 28,839 shares of the company traded hands, compared to its average volume of 29,274. Texas Ventures Acquisition III has a twelve month low of $10.11 and a twelve month high of $12.27. The company has a fifty day moving average price of $10.52 and a 200 day moving average price of $10.53.

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

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.