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

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

Texas Ventures Acquisition III Stock Performance

NASDAQ TVA opened at $10.44 on Friday. Texas Ventures Acquisition III has a 52 week low of $10.06 and a 52 week high of $12.27. The business has a 50 day moving average price of $10.47 and a 200-day moving average price of $10.54.

Texas Ventures Acquisition III (NASDAQ:TVA) last issued its earnings results on Wednesday, April 15th. The company reported $0.17 earnings per share for the quarter.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Texas Ventures Acquisition III

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada acquired a new position in shares of Texas Ventures Acquisition III during the fourth quarter worth approximately $35,000. Quarry LP acquired a new position in shares of Texas Ventures Acquisition III during the fourth quarter worth approximately $129,000. Marex Group plc acquired a new position in shares of Texas Ventures Acquisition III during the fourth quarter worth approximately $133,000. Lincoln Capital Corp acquired a new position in shares of Texas Ventures Acquisition III during the first quarter worth approximately $520,000. Finally, Fifth Lane Capital LP acquired a new position in shares of Texas Ventures Acquisition III during the fourth quarter worth approximately $952,000.

About Texas Ventures Acquisition III

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.