NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Down 67.7% in May

NewHold Investment Corp III (NASDAQ:NHIC) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 2,362 shares, a decline of 67.7% from the April 30th total of 7,321 shares. Based on an average trading volume of 6,672 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

NewHold Investment Corp III Stock Performance

NHIC traded up $0.18 during trading on Friday, reaching $11.30. 559,876 shares of the company’s stock were exchanged, compared to its average volume of 245,103. The company’s fifty day moving average price is $10.49 and its 200-day moving average price is $10.42. The firm has a market capitalization of $311.99 million and a PE ratio of 94.17. NewHold Investment Corp III has a fifty-two week low of $10.03 and a fifty-two week high of $11.55.

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

Hedge Funds Weigh In On NewHold Investment Corp III

Hedge funds have recently bought and sold shares of the business. Clear Street Group Inc. bought a new position in NewHold Investment Corp III during the third quarter worth about $67,000. Sandia Investment Management LP acquired a new position in shares of NewHold Investment Corp III during the 2nd quarter worth approximately $254,000. Alyeska Investment Group L.P. acquired a new stake in shares of NewHold Investment Corp III during the 3rd quarter worth approximately $450,000. JPMorgan Chase & Co. acquired a new stake in NewHold Investment Corp III in the second quarter valued at approximately $1,015,000. Finally, Context Capital Management LLC acquired a new stake in NewHold Investment Corp III in the third quarter valued at approximately $1,018,000.

NewHold Investment Corp III Company Profile

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.