NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Down 33.8% in July

NewHold Investment Corp III (NASDAQ:NHIC) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 26,886 shares, a decline of 33.8% from the June 30th total of 40,614 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 41,962 shares, the short-interest ratio is currently 0.6 days.

NewHold Investment Corp III Trading Up 0.9%

NHIC opened at $10.80 on Friday. NewHold Investment Corp III has a 12 month low of $10.16 and a 12 month high of $11.60. The company has a market cap of $298.19 million, a PE ratio of 90.00 and a beta of 0.28. The company has a 50 day moving average of $10.92 and a 200 day moving average of $10.60.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of NewHold Investment Corp III in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of NewHold Investment Corp III

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in NewHold Investment Corp III in the 2nd quarter worth about $9,950,000. Hudson Bay Capital Management LP bought a new stake in shares of NewHold Investment Corp III during the second quarter valued at about $8,922,000. Radcliffe Capital Management L.P. increased its position in shares of NewHold Investment Corp III by 13.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock valued at $5,814,000 after buying an additional 67,767 shares during the period. Meteora Capital LLC purchased a new stake in shares of NewHold Investment Corp III in the fourth quarter worth about $4,915,000. Finally, Kryger Capital LLC purchased a new stake in shares of NewHold Investment Corp III in the first quarter worth about $4,175,000.

NewHold Investment Corp III Company Profile

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.