Texas Ventures Acquisition III Corp (NASDAQ:TVA) Short Interest Down 68.9% in July

Texas Ventures Acquisition III Corp (NASDAQ:TVA) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 18,654 shares, a drop of 68.9% from the July 15th total of 59,891 shares. Based on an average daily trading volume, of 24,739 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen cut Texas Ventures Acquisition III from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised Texas Ventures Acquisition III from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Texas Ventures Acquisition III Stock Down 0.1%

NASDAQ TVA opened at $10.53 on Friday. The company has a fifty day simple moving average of $10.52 and a 200 day simple moving average of $10.51. Texas Ventures Acquisition III has a 1 year low of $10.11 and a 1 year high of $12.27.

Texas Ventures Acquisition III (NASDAQ:TVA) last posted its earnings results on Thursday, August 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Texas Ventures Acquisition III

Several large investors have recently made changes to their positions in TVA. J. Goldman & Co LP boosted its stake in Texas Ventures Acquisition III by 38.9% during the 4th quarter. J. Goldman & Co LP now owns 1,216,321 shares of the company’s stock valued at $12,954,000 after purchasing an additional 340,735 shares during the period. Harraden Circle Investments LLC increased its position in Texas Ventures Acquisition III by 172.3% in the 4th quarter. Harraden Circle Investments LLC now owns 1,066,667 shares of the company’s stock worth $11,360,000 after buying an additional 675,000 shares during the period. Yorkville Advisors Global LP acquired a new position in shares of Texas Ventures Acquisition III during the first quarter worth approximately $10,910,000. Mercuria Capital Strategies LLC acquired a new position in shares of Texas Ventures Acquisition III during the fourth quarter worth approximately $5,325,000. Finally, Governors Lane LP boosted its position in shares of Texas Ventures Acquisition III by 11.5% in the fourth quarter. Governors Lane LP now owns 468,058 shares of the company’s stock valued at $4,985,000 after acquiring an additional 48,258 shares during the period.

About Texas Ventures Acquisition III

Texas Ventures Acquisition III (NASDAQ: TVA) is a special purpose acquisition company (SPAC) listed on the NASDAQ exchange. As a blank‑check company, its principal business purpose is to raise capital in the public markets and use those proceeds to identify, negotiate and consummate one or more business combinations with an operating company.

Unlike an operating company, Texas Ventures Acquisition III does not produce goods or services while it searches for a target. Its activities typically include managing the capital held in trust, conducting diligence on prospective acquisition candidates, negotiating transaction terms, and seeking shareholder and regulatory approvals required to complete a business combination.

Pending completion of a business combination, the company’s prospects and ultimate strategy are driven by its management and sponsors; specific target industries, geographies and leadership details are disclosed through the company’s public filings and press releases as opportunities develop.