NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Update

NewHold Investment Corp III (NASDAQ:NHIC) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 55,546 shares, an increase of 93.5% from the May 31st total of 28,702 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 157,787 shares, the short-interest ratio is currently 0.4 days.

NewHold Investment Corp III Stock Up 0.2%

NASDAQ NHIC traded up $0.02 on Wednesday, reaching $10.91. The company had a trading volume of 37,733 shares, compared to its average volume of 111,496. The stock has a market capitalization of $301.23 million, a P/E ratio of 90.91 and a beta of 0.21. The company’s fifty day moving average is $10.79 and its 200 day moving average is $10.53. NewHold Investment Corp III has a 52-week low of $10.15 and a 52-week high of $11.60.

NewHold Investment Corp III (NASDAQ:NHIC) last posted its quarterly earnings data on Monday, May 18th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $3.71 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. purchased a new stake in NewHold Investment Corp III in the 3rd quarter valued at about $67,000. Sandia Investment Management LP purchased a new position in shares of NewHold Investment Corp III in the 2nd quarter worth approximately $254,000. Alyeska Investment Group L.P. bought a new position in shares of NewHold Investment Corp III in the third quarter valued at approximately $450,000. JPMorgan Chase & Co. bought a new position in shares of NewHold Investment Corp III in the second quarter valued at approximately $1,015,000. Finally, Context Capital Management LLC purchased a new stake in shares of NewHold Investment Corp III during the third quarter valued at approximately $1,018,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

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.