NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Update

NewHold Investment Corp III (NASDAQ:NHIC) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 5,869 shares, a growth of 183.3% from the August 31st total of 2,072 shares. Based on an average daily trading volume, of 865,200 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of NewHold Investment Corp III in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, NewHold Investment Corp III has a consensus rating of “Sell”.

Hedge Funds Weigh In On NewHold Investment Corp III

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harraden Circle Investments LLC acquired a new stake in shares of NewHold Investment Corp III during the second quarter worth approximately $8,495,000. Radcliffe Capital Management L.P. boosted its holdings 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 acquiring an additional 67,767 shares in the last quarter. Kryger Capital LLC bought a new stake in NewHold Investment Corp III during the 1st quarter worth approximately $4,175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in NewHold Investment Corp III during the 4th quarter worth approximately $4,146,000. Finally, Sona Asset Management US LLC bought a new stake in NewHold Investment Corp III during the 1st quarter worth approximately $3,028,000.

NewHold Investment Corp III Stock Performance

NASDAQ:NHIC remained flat at $8.64 during trading hours on Friday. The business’s fifty day moving average is $10.35 and its 200 day moving average is $10.55. NewHold Investment Corp III has a 1-year low of $8.50 and a 1-year high of $11.60. The firm has a market capitalization of $238.58 million, a price-to-earnings ratio of -123.43 and a beta of 0.30.

NewHold Investment Corp III (NASDAQ:NHIC) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.12) earnings per share (EPS) for the quarter.

NewHold Investment Corp III Company Profile

NewHold Investment Corp III is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, stock purchase, asset acquisition, reorganization, or similar combination.

As a SPAC, NewHold Investment Corp III does not operate a traditional business, manufacture products, or provide services to customers. Its activities are primarily focused on evaluating prospective target companies and pursuing a suitable transaction, subject to approval requirements and other customary conditions.

Publicly available information about the company’s specific investment focus, geographic markets, and management team is limited.