Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Down 42.1% in August

Texas Ventures Acquisition III Corp (NASDAQ:TVA) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 623 shares, a drop of 42.1% from the August 15th total of 1,076 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 47,019 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TVA shares. 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. Weiss Ratings restated a “sell (d)” rating on shares of Texas Ventures Acquisition III in a report on Thursday, August 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Texas Ventures Acquisition III currently has a consensus rating of “Sell”.

Texas Ventures Acquisition III Price Performance

Texas Ventures Acquisition III stock remained flat at $10.56 during midday trading on Wednesday. The company had a trading volume of 607,485 shares, compared to its average volume of 128,595. The business has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $10.48. Texas Ventures Acquisition III has a twelve month low of $10.13 and a twelve month high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Texas Ventures Acquisition III

A number of institutional investors have recently modified their holdings of the company. Harraden Circle Investments LLC boosted its stake in Texas Ventures Acquisition III by 1.7% during the 2nd quarter. Harraden Circle Investments LLC now owns 1,001,393 shares of the company’s stock valued at $10,565,000 after purchasing an additional 16,393 shares during the last quarter. Governors Lane LP increased its holdings in Texas Ventures Acquisition III by 11.5% during 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 in the last quarter. Lincoln Capital Corp purchased a new stake in shares of Texas Ventures Acquisition III in the first quarter worth approximately $520,000. Fifth Lane Capital LP purchased a new stake in shares of Texas Ventures Acquisition III in the fourth quarter worth approximately $952,000. Finally, DLD Asset Management LP lifted its holdings in shares of Texas Ventures Acquisition III by 106.9% in the first quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock valued at $2,048,000 after purchasing an additional 101,805 shares in the last quarter.

About Texas Ventures Acquisition III

Texas Ventures Acquisition III Corp. is a special purpose acquisition company (SPAC) listed on Nasdaq under the symbol TVA. The company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, Texas Ventures Acquisition III does not currently market products or provide services to customers. Its activities are primarily focused on identifying and evaluating potential acquisition targets, negotiating a transaction and completing a business combination.

The company has not publicly disclosed a completed business combination, a specific target industry or a defined geographic market served.