Texas Ventures Acquisition III Corp (NASDAQ:TVACU) Short Interest Up 137.5% in May

Texas Ventures Acquisition III Corp (NASDAQ:TVACU) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 886 shares, an increase of 137.5% from the April 30th total of 373 shares. Based on an average trading volume of 530 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of Texas Ventures Acquisition III in the 2nd quarter worth approximately $257,000. Boothbay Fund Management LLC bought a new position in shares of Texas Ventures Acquisition III during the second quarter valued at approximately $666,000. Finally, Clear Street Group Inc. purchased a new stake in Texas Ventures Acquisition III in the third quarter worth $485,000.

Texas Ventures Acquisition III Stock Performance

TVACU stock opened at $10.68 on Monday. The firm’s 50-day moving average price is $10.76 and its two-hundred day moving average price is $11.02. Texas Ventures Acquisition III has a 12-month low of $10.08 and a 12-month high of $12.72.

About Texas Ventures Acquisition III

We are a newly incorporated Cayman Islands exempted company structured as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities and activities related to this offering. We have not selected any potential business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential target regarding entering into a business combination with us.