NewHold Investment Corp III (NASDAQ:NHIC) Trading Up 0.1% – Here’s Why

Shares of NewHold Investment Corp III (NASDAQ:NHIC) were up 0.1% during mid-day trading on Friday . The company traded as high as $10.65 and last traded at $10.62. Approximately 80,594 shares changed hands during trading, a decline of 36% from the average daily volume of 125,720 shares. The stock had previously closed at $10.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of NewHold Investment Corp III in a research report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NewHold Investment Corp III has a consensus rating of “Sell”.

NewHold Investment Corp III Trading Up 0.1%

The stock has a market capitalization of $293.22 million, a P/E ratio of -151.71 and a beta of 0.30. The business’s fifty day simple moving average is $10.80 and its two-hundred day simple moving average is $10.63.

NewHold Investment Corp III (NASDAQ:NHIC) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $3.74 million for the quarter.

Hedge Funds Weigh In On NewHold Investment Corp III

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of NewHold Investment Corp III in the 2nd quarter worth approximately $9,950,000. Hudson Bay Capital Management LP acquired a new stake in shares of NewHold Investment Corp III during the 2nd quarter worth approximately $8,922,000. Harraden Circle Investments LLC bought a new stake in shares of NewHold Investment Corp III during the second quarter valued at approximately $8,495,000. Radcliffe Capital Management L.P. increased its position in shares of NewHold Investment Corp III by 13.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock valued at $5,814,000 after purchasing an additional 67,767 shares during the period. Finally, Meteora Capital LLC acquired a new position in shares of NewHold Investment Corp III in the fourth quarter valued at $4,915,000.

About NewHold Investment Corp III

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.