Texas Ventures Acquisition III Corp (NASDAQ:TVA) Sees Large Growth in Short Interest

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,299 shares, an increase of 193.9% from the September 30th total of 442 shares. Based on an average daily volume of 269,001 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Texas Ventures Acquisition III

Several institutional investors and hedge funds have recently added to or reduced their stakes in TVA. Lincoln Capital Corp acquired a new position in Texas Ventures Acquisition III in the third quarter worth approximately $529,000. SkyView Investment Advisors LLC bought a new position in shares of Texas Ventures Acquisition III in the second quarter valued at $2,021,000. DLD Asset Management LP lifted its position in shares of Texas Ventures Acquisition III by 106.9% during the 1st quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock valued at $2,048,000 after acquiring an additional 101,805 shares during the last quarter. Harraden Circle Investments LLC lifted its position in shares of Texas Ventures Acquisition III by 1.7% during the 2nd quarter. Harraden Circle Investments LLC now owns 1,001,393 shares of the company’s stock valued at $10,565,000 after acquiring an additional 16,393 shares during the last quarter. Finally, Yorkville Advisors Global LP bought a new stake in shares of Texas Ventures Acquisition III during the 1st quarter worth $10,910,000.

Texas Ventures Acquisition III Trading Down 0.0%

Shares of Texas Ventures Acquisition III stock opened at $10.69 on Friday. The company’s 50-day moving average price is $10.58 and its two-hundred day moving average price is $10.53. Texas Ventures Acquisition III has a 52 week low of $10.31 and a 52 week high of $11.44.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Texas Ventures Acquisition III in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Texas Ventures Acquisition III presently has a consensus rating of “Sell”.

Texas Ventures Acquisition III Company Profile

Texas Ventures Acquisition III Corp. is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol TVA. The company was formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with an operating private company.

Unlike an operating company, Texas Ventures Acquisition III does not have established products, services, or geographic markets of its own. Its activities are primarily focused on evaluating potential acquisition opportunities and completing a transaction that would allow a private business to become publicly traded.

Publicly available information about the company’s specific target industry, operating plans, and leadership is limited.