Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Down 49.3% in May

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 5,412 shares, a drop of 49.3% from the May 14th total of 10,675 shares. Based on an average daily volume of 85,962 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Texas Ventures Acquisition III

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new position in shares of Texas Ventures Acquisition III in the fourth quarter worth approximately $35,000. Quarry LP acquired a new position in shares of Texas Ventures Acquisition III in the fourth quarter worth approximately $129,000. Marex Group plc bought a new stake in Texas Ventures Acquisition III in the fourth quarter worth approximately $133,000. Lincoln Capital Corp bought a new stake in Texas Ventures Acquisition III in the first quarter worth approximately $520,000. Finally, Fifth Lane Capital LP bought a new stake in Texas Ventures Acquisition III in the fourth quarter worth approximately $952,000.

Texas Ventures Acquisition III Stock Down 0.2%

Texas Ventures Acquisition III stock opened at $10.44 on Friday. The stock’s 50 day moving average is $10.47 and its 200 day moving average is $10.54. Texas Ventures Acquisition III has a one year low of $10.06 and a one year high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $0.17 EPS for the quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TVA shares. Weiss Ratings raised Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, June 1st. Wall Street Zen lowered Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.