Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Update

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

Analyst Ratings Changes

TVA has been the subject of several analyst reports. Wall Street Zen cut 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 research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Texas Ventures Acquisition III

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harraden Circle Investments LLC grew its stake in shares of Texas Ventures Acquisition III by 1.7% in the second quarter. Harraden Circle Investments LLC now owns 1,001,393 shares of the company’s stock worth $10,565,000 after acquiring an additional 16,393 shares during the last quarter. Governors Lane LP increased its holdings in shares of Texas Ventures Acquisition III by 11.5% during the fourth quarter. Governors Lane LP now owns 468,058 shares of the company’s stock valued at $4,985,000 after acquiring an additional 48,258 shares in the last quarter. Lincoln Capital Corp purchased a new position in shares of Texas Ventures Acquisition III in the 1st quarter worth about $520,000. Fifth Lane Capital LP bought a new position in Texas Ventures Acquisition III in the 4th quarter worth about $952,000. Finally, DLD Asset Management LP boosted its stake in Texas Ventures Acquisition III by 106.9% in the 1st quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock worth $2,048,000 after purchasing an additional 101,805 shares in the last quarter.

Texas Ventures Acquisition III Price Performance

TVA traded up $0.01 during trading on Thursday, reaching $10.56. The stock had a trading volume of 51,234 shares, compared to its average volume of 127,868. The stock’s 50 day moving average is $10.53 and its two-hundred day moving average is $10.48. Texas Ventures Acquisition III has a one year low of $10.13 and a one year high of $12.27.

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