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

Key Points

• Short interest surged 193.9% to 1,299 shares as of October 15, up from 442 shares at the end of September. Despite the increase, short interest represents roughly 0.0% of outstanding shares.
• Institutional activity was mixed, with several investors initiating positions while DLD Asset Management more than doubled its holdings and Harraden Circle Investments modestly increased its stake.
• TVA shares traded around $10.66, near their 50-day and 200-day moving averages. The stock carries a consensus “Sell” rating, with Weiss Ratings also reiterating a sell recommendation.

Texas Ventures Acquisition III Corp (NASDAQ:TVA - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,299 shares, an increase of 193.9% from the September 30th total of 442 shares. Based on an average trading volume of 269,001 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harraden Circle Investments LLC lifted its holdings in shares of Texas Ventures Acquisition III by 1.7% in the second quarter. Harraden Circle Investments LLC now owns 1,001,393 shares of the company's stock worth $10,565,000 after acquiring an additional 16,393 shares during the last quarter. Lincoln Capital Corp acquired a new stake in shares of Texas Ventures Acquisition III in the 3rd quarter valued at approximately $529,000. DLD Asset Management LP grew its holdings in shares of 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 valued at $2,048,000 after purchasing an additional 101,805 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of Texas Ventures Acquisition III during the 2nd quarter valued at approximately $2,021,000. Finally, Yorkville Advisors Global LP bought a new stake in shares of Texas Ventures Acquisition III during the 1st quarter valued at approximately $10,910,000.

Texas Ventures Acquisition III Trading Up 0.0%

Shares of TVA stock traded up $0.01 during trading hours on Thursday, reaching $10.66. The company's stock had a trading volume of 793 shares, compared to its average volume of 131,723. The firm's 50 day simple moving average is $10.58 and its 200-day simple moving average is $10.53. Texas Ventures Acquisition III has a fifty-two week low of $10.31 and a fifty-two week high of $11.44.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Texas Ventures Acquisition III in a research report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of "Sell".

About Texas Ventures Acquisition III

Texas Ventures Acquisition III Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol TVA. The company was formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with an operating private company.

Unlike an operating company, Texas Ventures Acquisition III does not have established products, services, or geographic markets of its own. Its activities are primarily focused on evaluating potential acquisition opportunities and completing a transaction that would allow a private business to become publicly traded.

Publicly available information about the company's specific target industry, operating plans, and leadership is limited.

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