Short Interest in Texas Ventures Acquisition III Corp (NASDAQ:TVA) Decreases By 42.1%

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 623 shares, a drop of 42.1% from the August 15th total of 1,076 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 47,019 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Harraden Circle Investments LLC increased its stake in shares of Texas Ventures Acquisition III by 1.7% during the second quarter. Harraden Circle Investments LLC now owns 1,001,393 shares of the company’s stock worth $10,565,000 after purchasing an additional 16,393 shares in the last quarter. Governors Lane LP increased its holdings in shares of Texas Ventures Acquisition III by 11.5% in the fourth quarter. Governors Lane LP now owns 468,058 shares of the company’s stock valued at $4,985,000 after purchasing an additional 48,258 shares during the last quarter. Lincoln Capital Corp purchased a new position in shares of Texas Ventures Acquisition III during the 1st quarter worth $520,000. Fifth Lane Capital LP purchased a new position in Texas Ventures Acquisition III during the fourth quarter worth about $952,000. Finally, DLD Asset Management LP increased its stake in Texas Ventures Acquisition III by 106.9% during the first quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock worth $2,048,000 after acquiring an additional 101,805 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently weighed in on TVA. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Texas Ventures Acquisition III in a research note on Thursday, August 27th. Wall Street Zen downgraded shares of Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Texas Ventures Acquisition III Stock Performance

TVA opened at $10.56 on Friday. Texas Ventures Acquisition III has a 12 month low of $10.13 and a 12 month high of $12.27. The stock has a 50-day moving average of $10.53 and a 200 day moving average of $10.48.

Texas Ventures Acquisition III (NASDAQ:TVA) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III Corp. is a special purpose acquisition company (SPAC) listed on Nasdaq under the symbol TVA. The company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, Texas Ventures Acquisition III does not currently market products or provide services to customers. Its activities are primarily focused on identifying and evaluating potential acquisition targets, negotiating a transaction and completing a business combination.

The company has not publicly disclosed a completed business combination, a specific target industry or a defined geographic market served.