TortoiseEcofin Acquisition Corp. III (NYSE:TRTL) Sees Significant Decline in Short Interest

TortoiseEcofin Acquisition Corp. III (NYSE:TRTL - Get Free Report) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 100 shares, a decline of 99.8% from the April 15th total of 51,800 shares. Based on an average daily volume of 143,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of TortoiseEcofin Acquisition Corp. III

Institutional investors have recently bought and sold shares of the company. BCK Capital Management LP bought a new stake in TortoiseEcofin Acquisition Corp. III during the fourth quarter valued at $986,000. Westchester Capital Management LLC raised its holdings in shares of TortoiseEcofin Acquisition Corp. III by 47.4% during the third quarter. Westchester Capital Management LLC now owns 1,730,928 shares of the company's stock valued at $18,140,000 after purchasing an additional 556,415 shares during the period. Terrapin Asset Management LLC raised its holdings in shares of TortoiseEcofin Acquisition Corp. III by 32.3% during the third quarter. Terrapin Asset Management LLC now owns 123,793 shares of the company's stock valued at $1,297,000 after purchasing an additional 30,238 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of TortoiseEcofin Acquisition Corp. III during the third quarter valued at about $3,523,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of TortoiseEcofin Acquisition Corp. III by 15.6% during the first quarter. Mizuho Securities USA LLC now owns 1,114,740 shares of the company's stock valued at $11,972,000 after purchasing an additional 150,069 shares during the period. Institutional investors own 70.89% of the company's stock.

TortoiseEcofin Acquisition Corp. III Stock Performance

Shares of TortoiseEcofin Acquisition Corp. III stock traded up $0.01 during trading on Friday, hitting $10.85. The company's stock had a trading volume of 365,896 shares, compared to its average volume of 335,191. TortoiseEcofin Acquisition Corp. III has a 52 week low of $10.25 and a 52 week high of $11.43. The stock has a 50-day moving average price of $10.78 and a two-hundred day moving average price of $10.68.

TortoiseEcofin Acquisition Corp. III Company Profile

TortoiseEcofin Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.