Texas Ventures Acquisition III Corp (NASDAQ:TVACU – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,560 shares, an increase of 430.6% from the September 30th total of 294 shares. Based on an average daily trading volume, of 378 shares, the short-interest ratio is currently 4.1 days.
Texas Ventures Acquisition III Trading Up 0.7%
Shares of NASDAQ TVACU traded up $0.08 on Tuesday, reaching $10.79. 101 shares of the company traded hands, compared to its average volume of 1,483. Texas Ventures Acquisition III has a fifty-two week low of $10.51 and a fifty-two week high of $12.00. The company has a 50 day moving average of $10.73 and a 200 day moving average of $10.83.
About Texas Ventures Acquisition III
Texas Ventures Acquisition III Corp. is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. The transaction could take the form of a merger, acquisition, stock purchase, reorganization, or similar arrangement.
Unlike an operating company, Texas Ventures Acquisition III does not currently sell products or provide services of its own. Its business activities are focused on raising capital through its public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.
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