NewHold Investment Corp IV (NASDAQ:NHIV) Shares Shorted: Short Interest Down 36.3% in September

NewHold Investment Corp IV (NASDAQ:NHIV) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 242 shares, a decline of 36.3% from the August 31st total of 380 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 15,722 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of NewHold Investment Corp IV in a report on Tuesday, September 1st. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, NewHold Investment Corp IV currently has an average rating of “Sell”.

NewHold Investment Corp IV Stock Performance

NewHold Investment Corp IV stock traded up $0.14 during trading hours on Friday, hitting $10.19. 75,057 shares of the stock traded hands, compared to its average volume of 40,985. The firm’s 50 day moving average price is $10.13. NewHold Investment Corp IV has a 1 year low of $9.80 and a 1 year high of $11.50.

Institutional Investors Weigh In On NewHold Investment Corp IV

An institutional investor recently bought a new position in NewHold Investment Corp IV stock. Moore Capital Management LP purchased a new position in NewHold Investment Corp IV (NASDAQ:NHIV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 700,000 shares of the company’s stock, valued at approximately $7,000,000. Moore Capital Management LP owned 3.37% of NewHold Investment Corp IV at the end of the most recent quarter.

About NewHold Investment Corp IV

NewHold Investment Corp. IV (NASDAQ: NHIV) is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses.

NewHold Investment Corp. IV does not have a substantial operating business of its own and does not currently offer products or services to customers. Its activities are focused on evaluating potential merger, acquisition, or similar transactions.

The company has not publicly identified a completed business combination or a specific target industry in the information available.