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 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 stock are short sold. Based on an average trading volume of 6,672 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Kryger Capital LLC bought a new stake in NewHold Investment Corp III in the 1st quarter worth about $4,175,000. Governors Lane LP lifted its position 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 buying an additional 4,190 shares in the last quarter. Radcliffe Capital Management L.P. boosted its stake in shares of NewHold Investment Corp III by 13.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock worth $5,814,000 after buying an additional 67,767 shares during the last quarter. L1 Global Manager Pty Ltd purchased a new position in shares of NewHold Investment Corp III in the 4th quarter worth approximately $1,555,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of NewHold Investment Corp III in the third quarter valued at approximately $450,000.

NewHold Investment Corp III Price Performance

Shares of NASDAQ NHIC opened at $11.30 on Monday. The company has a 50-day moving average price of $10.49 and a 200-day moving average price of $10.42. The stock has a market capitalization of $311.99 million, a P/E ratio of 94.17 and a beta of 0.21. NewHold Investment Corp III has a 1 year low of $10.03 and a 1 year high of $11.55.

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

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About NewHold Investment Corp III

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.