Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Down 42.1% in August

Key Points

• Short interest fell 42.1% in August to 623 shares, representing approximately 0.0% of the company’s shares; the stock’s days-to-cover ratio is 0.0 days.
• Institutional ownership increased, with several investors initiating positions and DLD Asset Management boosting its stake by 106.9%.
• TVA shares were flat at $10.56, while analyst sentiment remained negative: the sole tracked analyst rates the SPAC “Sell.”

Texas Ventures Acquisition III Corp (NASDAQ:TVA - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 623 shares, a decrease of 42.1% from the August 15th total of 1,076 shares. Based on an average trading volume of 47,019 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Institutional Investors Weigh In On Texas Ventures Acquisition III

Several large investors have recently modified their holdings of the company. Lincoln Capital Corp acquired a new stake in Texas Ventures Acquisition III during the 1st quarter worth about $520,000. Fifth Lane Capital LP acquired a new position in shares of Texas Ventures Acquisition III in the 4th quarter valued at about $952,000. SkyView Investment Advisors LLC acquired a new position in shares of Texas Ventures Acquisition III in the 2nd quarter valued at about $2,021,000. DLD Asset Management LP boosted its position 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 in the last quarter. Finally, Governors Lane LP grew its stake in Texas Ventures Acquisition III by 11.5% during the fourth quarter. Governors Lane LP now owns 468,058 shares of the company's stock worth $4,985,000 after purchasing an additional 48,258 shares during the period.

Texas Ventures Acquisition III Price Performance

Shares of Texas Ventures Acquisition III stock remained flat at $10.56 during midday trading on Wednesday. The company had a trading volume of 607,485 shares, compared to its average volume of 128,595. The stock's fifty day moving average is $10.53 and its two-hundred day moving average is $10.48. Texas Ventures Acquisition III has a one year low of $10.13 and a one year high of $12.27.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TVA shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Texas Ventures Acquisition III in a report on Thursday, August 27th. Wall Street Zen downgraded Texas Ventures Acquisition III from a "hold" rating to a "sell" rating in a report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Texas Ventures Acquisition III presently has a consensus rating of "Sell".

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III Corp. is a special purpose acquisition company (SPAC) listed on Nasdaq under the symbol TVA. The company was formed to pursue a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses.

Unlike an operating company, Texas Ventures Acquisition III does not currently market products or provide services to customers. Its activities are primarily focused on identifying and evaluating potential acquisition targets, negotiating a transaction and completing a business combination.

The company has not publicly disclosed a completed business combination, a specific target industry or a defined geographic market served.

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