Texas Ventures Acquisition III Corp (NASDAQ:TVACU) Sees Significant Growth in Short Interest

Texas Ventures Acquisition III Corp (NASDAQ:TVACUGet Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 886 shares, an increase of 137.5% from the April 30th total of 373 shares. Based on an average daily volume of 530 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Texas Ventures Acquisition III

Several hedge funds and other institutional investors have recently bought and sold shares of TVACU. JPMorgan Chase & Co. bought a new position in shares of Texas Ventures Acquisition III in the 2nd quarter worth $257,000. Clear Street Group Inc. bought a new stake in Texas Ventures Acquisition III during the third quarter valued at about $485,000. Finally, Boothbay Fund Management LLC purchased a new position in Texas Ventures Acquisition III in the second quarter valued at about $666,000.

Texas Ventures Acquisition III Trading Up 0.2%

Shares of TVACU traded up $0.02 during mid-day trading on Tuesday, hitting $10.70. The business’s fifty day moving average price is $10.77 and its 200-day moving average price is $11.01. Texas Ventures Acquisition III has a 12-month low of $10.08 and a 12-month high of $12.72.

Texas Ventures Acquisition III Company Profile

(Get Free Report)

We are a newly incorporated Cayman Islands exempted company structured as a blank check company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. To date, our efforts have been limited to organizational activities and activities related to this offering. We have not selected any potential business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential target regarding entering into a business combination with us.

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