NewHold Investment Corp III (NASDAQ:NHIC) Sees Significant Increase in Short Interest

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

NewHold Investment Corp III Stock Performance

Shares of NASDAQ:NHIC remained flat at $8.64 during mid-day trading on Friday. NewHold Investment Corp III has a 1-year low of $8.50 and a 1-year high of $11.60. The company has a market capitalization of $238.58 million, a P/E ratio of -123.43 and a beta of 0.30. The business’s 50-day moving average is $10.35 and its 200 day moving average is $10.55.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Governors Lane LP grew its stake in NewHold Investment Corp III by 5.0% in the second quarter. Governors Lane LP now owns 266,793 shares of the company’s stock valued at $2,905,000 after acquiring an additional 12,603 shares during the period. Readystate Asset Management LP bought a new position in NewHold Investment Corp III during the 2nd quarter valued at $126,000. Harraden Circle Investments LLC purchased a new stake in shares of NewHold Investment Corp III in the second quarter valued at about $8,495,000. Strategic Investment Solutions Inc. IL bought a new position in shares of NewHold Investment Corp III during the second quarter valued at about $98,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of NewHold Investment Corp III in the 2nd quarter worth approximately $217,000.

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.