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 daily volume of 530 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Texas Ventures Acquisition III during the 2nd quarter worth about $257,000. Clear Street Group Inc. acquired a new position in Texas Ventures Acquisition III during the 3rd quarter worth about $485,000. Finally, Boothbay Fund Management LLC acquired a new position in Texas Ventures Acquisition III during the 2nd quarter worth about $666,000.

Texas Ventures Acquisition III Stock Performance

Shares of TVACU remained flat at $10.68 during trading hours on Friday. The stock has a 50-day moving average of $10.76 and a 200-day moving average of $11.03. Texas Ventures Acquisition III has a 1 year low of $10.08 and a 1 year high of $12.72.

Texas Ventures Acquisition III Company Profile

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.