Texas Ventures Acquisition III Corp (NASDAQ:TVA) Sees Significant Increase in Short Interest

Texas Ventures Acquisition III Corp (NASDAQ:TVA) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 22,953 shares, an increase of 1,667.0% from the October 15th total of 1,299 shares. Based on an average trading volume of 84,640 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TVA. Yorkville Advisors Global LP acquired a new stake in Texas Ventures Acquisition III in the first quarter worth approximately $10,910,000. Harraden Circle Investments LLC grew its position in 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 buying an additional 16,393 shares during the last quarter. DLD Asset Management LP raised its position in shares of Texas Ventures Acquisition III by 106.9% during the first 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 during the period. SkyView Investment Advisors LLC acquired a new stake in Texas Ventures Acquisition III during the 2nd quarter worth about $2,021,000. Finally, StoneX Group Inc. acquired a new stake in shares of Texas Ventures Acquisition III during the third quarter valued at approximately $1,685,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Texas Ventures Acquisition III in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Texas Ventures Acquisition III presently has an average rating of “Sell”.

Texas Ventures Acquisition III Stock Performance

Shares of NASDAQ:TVA remained flat at $10.71 on Thursday. The stock had a trading volume of 2,597 shares, compared to its average volume of 125,864. Texas Ventures Acquisition III has a 12 month low of $10.31 and a 12 month high of $11.44. The company’s 50 day moving average price is $10.61 and its 200-day moving average price is $10.53.

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

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III is a special purpose acquisition company (SPAC) formed to identify and complete a merger, stock exchange, asset acquisition, or similar business combination with one or more businesses. Until it completes a transaction, the company does not operate a standalone business or offer products or services. I could not confirm additional details about its target sectors, geographic focus, or leadership.