NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Update

NewHold Investment Corp III (NASDAQ:NHIC) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,362 shares, a decrease of 67.7% from the April 30th total of 7,321 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,672 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, NewHold Investment Corp III has an average rating of “Sell”.

NewHold Investment Corp III Stock Performance

NHIC stock traded up $0.18 during mid-day trading on Friday, hitting $11.30. The company had a trading volume of 559,876 shares, compared to its average volume of 245,103. The stock’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.42. NewHold Investment Corp III has a 12 month low of $10.03 and a 12 month high of $11.55. The firm has a market cap of $311.99 million and a PE ratio of 94.17.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its quarterly earnings results on Monday, May 18th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $3.71 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Governors Lane LP raised its stake in shares of NewHold Investment Corp III by 1.7% during the 4th quarter. Governors Lane LP now owns 254,190 shares of the company’s stock worth $2,635,000 after acquiring an additional 4,190 shares in the last quarter. Clear Street Group Inc. acquired a new stake in NewHold Investment Corp III during the third quarter worth about $67,000. Sandia Investment Management LP purchased a new stake in NewHold Investment Corp III in the 2nd quarter worth approximately $254,000. Alyeska Investment Group L.P. acquired a new position in shares of NewHold Investment Corp III in the 3rd quarter valued at $450,000. Finally, Glazer Capital LLC raised its holdings in NewHold Investment Corp III by 25.8% in the 4th quarter. Glazer Capital LLC now owns 303,723 shares of the company’s stock worth $3,147,000 after purchasing an additional 62,322 shares during the period.

NewHold Investment Corp III Company Profile

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.