Short Interest in Fortress Value Acquisition Corp. III (NYSE:FVT) Expands By 110.2%

Fortress Value Acquisition Corp. III (NYSE:FVTGet Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 10,300 shares, an increase of 110.2% from the April 15th total of 4,900 shares. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Several large investors have recently bought and sold shares of FVT. State Street Corp bought a new position in Fortress Value Acquisition Corp. III in the fourth quarter worth approximately $104,000. Athanor Capital LP bought a new stake in shares of Fortress Value Acquisition Corp. III during the 3rd quarter valued at $192,000. Hsbc Holdings PLC bought a new stake in Fortress Value Acquisition Corp. III in the 3rd quarter valued at $731,000. CSS LLC IL increased its holdings in Fortress Value Acquisition Corp. III by 4.5% in the 3rd quarter. CSS LLC IL now owns 85,494 shares of the company’s stock valued at $834,000 after acquiring an additional 3,668 shares during the last quarter. Finally, Starboard Value LP increased its holdings in Fortress Value Acquisition Corp. III by 85.5% in the 3rd quarter. Starboard Value LP now owns 350,000 shares of the company’s stock valued at $3,414,000 after acquiring an additional 161,295 shares during the last quarter. Hedge funds and other institutional investors own 67.83% of the company’s stock.

Shares of NYSE FVT traded up $0.01 on Friday, reaching $9.82. 9,715 shares of the company’s stock traded hands, compared to its average volume of 44,302. Fortress Value Acquisition Corp. III has a 12 month low of $9.65 and a 12 month high of $10.10. The business’s 50 day simple moving average is $9.83 and its two-hundred day simple moving average is $9.80.

Fortress Value Acquisition Corp. III Company Profile (Get Rating)

Fortress Value Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses The company was incorporated in 2020 and is based in New York, New York.

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