NewHold Investment Corp IV Units (NASDAQ:NHIVU) Sees Large Increase in Short Interest

NewHold Investment Corp IV Units (NASDAQ:NHIVU) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 5,321 shares, an increase of 92.2% from the May 14th total of 2,769 shares. Based on an average daily trading volume, of 74,218 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded NewHold Investment Corp IV Units to a “hold” rating in a research report on Saturday, April 25th.

NewHold Investment Corp IV Units Price Performance

Shares of NHIVU traded down $0.01 on Tuesday, reaching $10.22. 701 shares of the company’s stock were exchanged, compared to its average volume of 59,194. The stock’s 50 day simple moving average is $10.10. NewHold Investment Corp IV Units has a 12 month low of $9.95 and a 12 month high of $11.00.