Texas Ventures Acquisition III Corp (NASDAQ:TVA) Sees Large Growth in Short Interest

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 59,891 shares, an increase of 1,474.8% from the June 30th total of 3,803 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 49,212 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

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

Texas Ventures Acquisition III Stock Performance

NASDAQ:TVA traded up $0.01 on Friday, reaching $10.53. The stock had a trading volume of 28,839 shares, compared to its average volume of 29,274. The company has a 50-day moving average of $10.52 and a 200 day moving average of $10.53. Texas Ventures Acquisition III has a 12-month low of $10.11 and a 12-month high of $12.27.

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

Hedge Funds Weigh In On Texas Ventures Acquisition III

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada purchased a new position in shares of Texas Ventures Acquisition III during the 4th quarter valued at approximately $35,000. Quarry LP bought a new stake in shares of Texas Ventures Acquisition III in the fourth quarter worth $129,000. Marex Group plc bought a new stake in shares of Texas Ventures Acquisition III in the fourth quarter worth $133,000. Lincoln Capital Corp acquired a new stake in Texas Ventures Acquisition III in the first quarter valued at $520,000. Finally, Fifth Lane Capital LP acquired a new stake in Texas Ventures Acquisition III in the fourth quarter valued at $952,000.

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.