Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Down 68.9% in July

Key Points

• Short interest in Texas Ventures Acquisition III fell 68.9% to 18,654 shares as of July 31, representing just 0.1% of outstanding shares and 0.8 days to cover.
• The stock declined 0.1% to $10.53, trading near its 50-day and 200-day moving averages. The company reported quarterly earnings of $0.05 per share.
• Analyst sentiment remains negative, with the stock carrying an average “Sell” rating; meanwhile, several institutional investors—including Fifth Lane Capital—recently initiated positions.

Texas Ventures Acquisition III Corp (NASDAQ:TVA - Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 18,654 shares, a drop of 68.9% from the July 15th total of 59,891 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 24,739 shares, the days-to-cover ratio is currently 0.8 days.

Texas Ventures Acquisition III Stock Down 0.1%

NASDAQ:TVA traded down $0.01 during trading hours on Friday, hitting $10.53. 3,433 shares of the stock were exchanged, compared to its average volume of 75,022. The company's 50 day moving average is $10.52 and its two-hundred day moving average is $10.51. Texas Ventures Acquisition III has a twelve month low of $10.11 and a twelve month 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.

Analysts Set New Price Targets

Several brokerages have weighed in on TVA. Wall Street Zen cut shares of Texas Ventures Acquisition III from a "hold" rating to a "sell" rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded Texas Ventures Acquisition III from a "sell (d-)" rating to a "sell (d)" rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of "Sell".

Institutional Investors Weigh In On Texas Ventures Acquisition III

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada acquired a new position in Texas Ventures Acquisition III in the fourth quarter valued at approximately $35,000. Quarry LP acquired a new stake in Texas Ventures Acquisition III during the 4th quarter worth $129,000. Marex Group plc bought a new stake in shares of Texas Ventures Acquisition III during the 4th quarter valued at $133,000. Lincoln Capital Corp bought a new stake in shares of Texas Ventures Acquisition III during the 1st quarter valued at $520,000. Finally, Fifth Lane Capital LP acquired a new position in shares of Texas Ventures Acquisition III in the 4th quarter valued at $952,000.

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.

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