NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Update

NewHold Investment Corp III (NASDAQ:NHICGet Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 28,702 shares, a growth of 1,115.2% from the May 14th total of 2,362 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 568,903 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on NewHold Investment Corp III

Institutional Trading of NewHold Investment Corp III

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

NewHold Investment Corp III Trading Down 1.6%

NHIC stock traded down $0.18 during trading on Wednesday, reaching $10.91. 20,824 shares of the stock were exchanged, compared to its average volume of 124,615. The firm’s 50 day moving average is $10.61 and its 200 day moving average is $10.47. NewHold Investment Corp III has a twelve month low of $10.13 and a twelve month high of $11.60. The firm has a market cap of $301.25 million, a P/E ratio of 91.46 and a beta of 0.21.

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

About NewHold Investment Corp III

(Get Free Report)

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.

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