Short Interest in NewHold Investment Corp III (NASDAQ:NHIC) Expands By 93.5%

NewHold Investment Corp III (NASDAQ:NHIC) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 55,546 shares, an increase of 93.5% from the May 31st total of 28,702 shares. Based on an average trading volume of 157,787 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of NewHold Investment Corp III

Institutional investors have recently made changes to their positions in the stock. Governors Lane LP lifted its position in shares of NewHold Investment Corp III by 1.7% in the fourth quarter. Governors Lane LP now owns 254,190 shares of the company’s stock worth $2,635,000 after buying an additional 4,190 shares during the last quarter. Clear Street Group Inc. bought a new position in shares of NewHold Investment Corp III in the 3rd quarter valued at approximately $67,000. Sandia Investment Management LP acquired a new stake in NewHold Investment Corp III in the 2nd quarter worth approximately $254,000. Alyeska Investment Group L.P. acquired a new stake in NewHold Investment Corp III in the 3rd quarter worth approximately $450,000. Finally, Glazer Capital LLC boosted its position in NewHold Investment Corp III by 25.8% during the fourth quarter. Glazer Capital LLC now owns 303,723 shares of the company’s stock worth $3,147,000 after purchasing an additional 62,322 shares during the period.

NewHold Investment Corp III Stock Up 0.6%

NHIC traded up $0.07 during trading on Thursday, reaching $11.00. The stock had a trading volume of 7,322 shares, compared to its average volume of 110,396. The stock has a 50 day moving average of $10.80 and a two-hundred day moving average of $10.53. The firm has a market capitalization of $303.71 million, a price-to-earnings ratio of 91.67 and a beta of 0.28. NewHold Investment Corp III has a 1-year low of $10.15 and a 1-year high of $11.60.

NewHold Investment Corp III (NASDAQ:NHIC) last issued its quarterly earnings results on Monday, May 18th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $3.71 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About NewHold Investment Corp III

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.