Short Interest in Texas Ventures Acquisition III Corp (NASDAQ:TVA) Rises By 1,474.8%

Texas Ventures Acquisition III Corp (NASDAQ:TVA) saw a large increase in short interest in the month of 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. Based on an average daily volume of 49,212 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of Texas Ventures Acquisition III

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

Texas Ventures Acquisition III Trading Up 0.1%

TVA traded up $0.01 during mid-day trading on Friday, hitting $10.53. The stock had a trading volume of 28,839 shares, compared to its average volume of 29,274. Texas Ventures Acquisition III has a 1-year low of $10.11 and a 1-year high of $12.27. The stock’s fifty day simple moving average is $10.52 and its 200-day simple moving average is $10.53.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings raised Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Texas Ventures Acquisition III Company Profile

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.