NewHold Investment Corp IV (NASDAQ:NHIV) Sees Large Drop in Short Interest

NewHold Investment Corp IV (NASDAQ:NHIV – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 242 shares, a decrease of 36.3% from the August 31st total of 380 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 15,722 shares, the short-interest ratio is presently 0.0 days.

NewHold Investment Corp IV Price Performance

Shares of NewHold Investment Corp IV stock opened at $10.05 on Thursday. The business has a 50 day moving average of $10.13. NewHold Investment Corp IV has a one year low of $9.80 and a one year high of $11.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in NewHold Investment Corp IV stock. Moore Capital Management LP acquired a new stake in shares of NewHold Investment Corp IV (NASDAQ:NHIV – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 700,000 shares of the company’s stock, valued at approximately $7,000,000. Moore Capital Management LP owned approximately 3.37% of NewHold Investment Corp IV at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on NewHold Investment Corp IV in a research report on Tuesday, September 1st. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Check Out Our Latest Report on NHIV

About NewHold Investment Corp IV

(Get Free Report)

NewHold Investment Corp. IV (NASDAQ: NHIV) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses.

NewHold Investment Corp. IV does not have a substantial operating business of its own and does not currently offer products or services to customers. Its activities are focused on evaluating potential merger, acquisition, or similar transactions.

The company has not publicly identified a completed business combination or a specific target industry in the information available.

Further Reading

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