NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Up 361.6% in April

by · The Cerbat Gem

NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 7,321 shares, a growth of 361.6% from the April 15th total of 1,586 shares. Based on an average trading volume of 8,101 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in NewHold Investment Corp III in the 2nd quarter worth $9,950,000. Hudson Bay Capital Management LP bought a new stake in NewHold Investment Corp III during the second quarter valued at about $8,922,000. Meteora Capital LLC purchased a new position in shares of NewHold Investment Corp III in the fourth quarter valued at about $4,915,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of NewHold Investment Corp III in the fourth quarter valued at about $4,146,000. Finally, Radcliffe Capital Management L.P. boosted its stake in shares of NewHold Investment Corp III by 169.4% in the third quarter. Radcliffe Capital Management L.P. now owns 493,204 shares of the company’s stock worth $5,021,000 after acquiring an additional 310,113 shares during the period.

NewHold Investment Corp III Price Performance

Shares of NASDAQ:NHIC traded down $0.03 during mid-day trading on Thursday, reaching $10.53. 503 shares of the company traded hands, compared to its average volume of 8,329. The company’s 50 day moving average price is $10.42 and its 200-day moving average price is $10.39. The firm has a market cap of $290.73 million and a PE ratio of 87.75. NewHold Investment Corp III has a 52 week low of $10.01 and a 52 week high of $10.86.

NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported $0.02 EPS for the quarter. The firm had revenue of $4.04 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on NHIC

NewHold Investment Corp III Company Profile

(Get Free Report)

NewHold Investment Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination, with one or more target businesses. The company was formerly known as NewHold Industrial Corp. and changed its name to NewHold Investment Corp. in February 2020. NewHold Investment Corp. was incorporated in 2020 and is based in Houston, Texas.

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