NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Down 86.3% in August

NewHold Investment Corp III (NASDAQ:NHIC) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,996 shares, a decline of 86.3% from the July 30th total of 21,844 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 119,681 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NewHold Investment Corp III in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NewHold Investment Corp III presently has a consensus rating of “Sell”.

NewHold Investment Corp III Stock Performance

Shares of NASDAQ NHIC remained flat at $10.60 during mid-day trading on Friday. 131,443 shares of the stock traded hands, compared to its average volume of 224,924. NewHold Investment Corp III has a one year low of $10.16 and a one year high of $11.60. The company has a 50 day simple moving average of $10.76 and a two-hundred day simple moving average of $10.63.

NewHold Investment Corp III (NASDAQ:NHIC) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $3.74 million for the quarter.

Institutional Trading of NewHold Investment Corp III

Institutional investors and hedge funds have recently made changes to their positions in the business. Governors Lane LP boosted its position in shares of NewHold Investment Corp III by 1.7% in the 4th quarter. Governors Lane LP now owns 254,190 shares of the company’s stock worth $2,635,000 after purchasing an additional 4,190 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of NewHold Investment Corp III during the second quarter worth $98,000. Readystate Asset Management LP bought a new stake in NewHold Investment Corp III in the second quarter valued at about $126,000. FNY Investment Advisers LLC bought a new stake in NewHold Investment Corp III in the second quarter valued at about $217,000. Finally, Sandia Investment Management LP acquired a new position in NewHold Investment Corp III in the second quarter valued at about $254,000.

About NewHold Investment Corp III

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.