Texas Ventures Acquisition III Corp (NASDAQ:TVA) Stock Short Interest Jumps 1,667.0%

Texas Ventures Acquisition III Corp (NASDAQ:TVA) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 22,953 shares, an increase of 1,667.0% from the October 15th total of 1,299 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 84,640 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Texas Ventures Acquisition III in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Texas Ventures Acquisition III Price Performance

NASDAQ:TVA traded up $0.00 on Tuesday, hitting $10.68. The company’s stock had a trading volume of 4,169 shares, compared to its average volume of 159,529. The stock has a fifty day moving average of $10.60 and a two-hundred day moving average of $10.53. Texas Ventures Acquisition III has a one year low of $10.31 and a one year high of $11.44.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lincoln Capital Corp acquired a new position in shares of Texas Ventures Acquisition III in the 3rd quarter valued at approximately $529,000. StoneX Group Inc. acquired a new stake in Texas Ventures Acquisition III during the 3rd quarter worth approximately $1,685,000. SkyView Investment Advisors LLC bought a new stake in shares of Texas Ventures Acquisition III in the second quarter worth $2,021,000. DLD Asset Management LP grew its position in shares of Texas Ventures Acquisition III by 106.9% in the 1st quarter. DLD Asset Management LP now owns 197,072 shares of the company’s stock valued at $2,048,000 after buying an additional 101,805 shares during the last quarter. Finally, Harraden Circle Investments LLC increased its position in 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 purchasing an additional 16,393 shares during the period.

About Texas Ventures Acquisition III

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.