Short Interest in Texas Ventures Acquisition III Corp (NASDAQ:TVA) Decreases By 57.0%

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 2,329 shares, a drop of 57.0% from the May 31st total of 5,412 shares. Based on an average daily volume of 25,964 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Texas Ventures Acquisition III

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new position in Texas Ventures Acquisition III during the fourth quarter worth approximately $35,000. Quarry LP acquired a new stake in shares of Texas Ventures Acquisition III in the fourth quarter valued at approximately $129,000. Marex Group plc acquired a new stake in shares of Texas Ventures Acquisition III in the fourth quarter valued at approximately $133,000. Lincoln Capital Corp purchased a new position in shares of Texas Ventures Acquisition III during the first quarter worth approximately $520,000. Finally, Fifth Lane Capital LP purchased a new position in shares of Texas Ventures Acquisition III during the fourth quarter worth approximately $952,000.

Analyst Ratings Changes

Several research firms recently commented on TVA. Wall Street Zen lowered Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Texas Ventures Acquisition III Stock Performance

Shares of Texas Ventures Acquisition III stock opened at $10.55 on Monday. The company has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $10.54. Texas Ventures Acquisition III has a 12-month low of $10.06 and a 12-month high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $0.17 EPS for the quarter.

Texas Ventures Acquisition III Company Profile

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.