NewHold Investment Corp III (NASDAQ:NHIC) Sees Large Growth in Short Interest

NewHold Investment Corp III (NASDAQ:NHIC) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 5,869 shares, a growth of 183.3% from the August 31st total of 2,072 shares. Based on an average daily trading volume, of 865,200 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of NewHold Investment Corp III

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Harraden Circle Investments LLC purchased 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. raised its holdings in NewHold Investment Corp III by 13.7% in the 4th quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock worth $5,814,000 after acquiring an additional 67,767 shares during the last quarter. Kryger Capital LLC bought a new position in NewHold Investment Corp III in the 1st quarter valued at approximately $4,175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in NewHold Investment Corp III during the 4th quarter valued at $4,146,000. Finally, Sona Asset Management US LLC bought a new stake in shares of NewHold Investment Corp III in the 1st quarter worth $3,028,000.

Analyst Ratings Changes

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

NewHold Investment Corp III Price Performance

NHIC stock remained flat at $8.64 on Monday. The firm has a 50 day moving average of $10.35 and a 200 day moving average of $10.56. The stock has a market capitalization of $238.58 million, a price-to-earnings ratio of -123.43 and a beta of 0.30. NewHold Investment Corp III has a 12 month low of $8.50 and a 12 month high of $11.60.

NewHold Investment Corp III (NASDAQ:NHIC) last released its earnings results on Wednesday, August 12th. The company reported ($0.12) EPS for the quarter.

About NewHold Investment Corp III

NewHold Investment Corp III is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with an operating company. Its potential transaction could take the form of a merger, stock purchase, asset acquisition, reorganization, or similar combination.

As a SPAC, NewHold Investment Corp III does not operate a traditional business, manufacture products, or provide services to customers. Its activities are primarily focused on evaluating prospective target companies and pursuing a suitable transaction, subject to approval requirements and other customary conditions.

Publicly available information about the company’s specific investment focus, geographic markets, and management team is limited.