Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Down 57.0% in June

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,329 shares, a decrease of 57.0% from the May 31st total of 5,412 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 25,964 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Texas Ventures Acquisition III Stock Performance

TVA stock opened at $10.55 on Monday. The company has a fifty day moving average of $10.49 and a 200-day moving average of $10.54. Texas Ventures Acquisition III has a one year low of $10.06 and a one year high of $12.27.

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

Institutional Trading of Texas Ventures Acquisition III

Several hedge funds have recently modified their holdings of TVA. Yorkville Advisors Global LP acquired a new stake in shares of Texas Ventures Acquisition III in the 1st quarter valued at approximately $10,910,000. Harraden Circle Investments LLC grew its holdings in Texas Ventures Acquisition III by 172.3% during the fourth quarter. Harraden Circle Investments LLC now owns 1,066,667 shares of the company’s stock worth $11,360,000 after acquiring an additional 675,000 shares during the period. Mercuria Capital Strategies LLC purchased a new position in Texas Ventures Acquisition III in the fourth quarter worth $5,325,000. J. Goldman & Co LP raised its position in Texas Ventures Acquisition III by 38.9% in the fourth quarter. J. Goldman & Co LP now owns 1,216,321 shares of the company’s stock worth $12,954,000 after acquiring an additional 340,735 shares in the last quarter. Finally, Praetorian PR LLC acquired a new stake in Texas Ventures Acquisition III in the fourth quarter valued at $2,077,000.

About Texas Ventures Acquisition III

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.