Texas Ventures Acquisition III Corp (NASDAQ:TVA) Sees Large Decrease in Short Interest

Texas Ventures Acquisition III Corp (NASDAQ:TVA) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 18,654 shares, a decline of 68.9% from the July 15th total of 59,891 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 24,739 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

Several research analysts recently weighed in on TVA shares. Weiss Ratings raised 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 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, Texas Ventures Acquisition III presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Texas Ventures Acquisition III

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DLD Asset Management LP increased its holdings in Texas Ventures Acquisition III by 106.9% during the 1st quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock worth $2,048,000 after purchasing an additional 101,805 shares in the last quarter. Yorkville Advisors Global LP bought a new stake in shares of Texas Ventures Acquisition III in the first quarter valued at about $10,910,000. Lincoln Capital Corp acquired a new position in shares of Texas Ventures Acquisition III during the first quarter worth about $520,000. Praetorian PR LLC acquired a new position in shares of Texas Ventures Acquisition III during the fourth quarter worth about $2,077,000. Finally, Rivernorth Capital Management LLC grew its holdings in shares of Texas Ventures Acquisition III by 33.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 397,500 shares of the company’s stock worth $4,233,000 after buying an additional 100,000 shares in the last quarter.

Texas Ventures Acquisition III Trading Down 0.1%

Shares of NASDAQ:TVA traded down $0.01 during trading on Friday, hitting $10.53. 3,433 shares of the company’s stock traded hands, compared to its average volume of 75,022. The company has a 50-day moving average price of $10.52 and a 200-day moving average price of $10.51. Texas Ventures Acquisition III has a 52 week low of $10.11 and a 52 week high of $12.27.

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

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.