TortoiseEcofin Acquisition Corp. III (NYSE:TRTL) Sees Significant Growth in Short Interest

TortoiseEcofin Acquisition Corp. III (NYSE:TRTL) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 51,800 shares, an increase of 1,195.0% from the March 31st total of 4,000 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 124,900 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On TortoiseEcofin Acquisition Corp. III

Institutional investors have recently made changes to their positions in the stock. BCK Capital Management LP bought a new position in TortoiseEcofin Acquisition Corp. III in the 4th quarter worth about $986,000. Terrapin Asset Management LLC boosted its position in shares of TortoiseEcofin Acquisition Corp. III by 32.3% during the third quarter. Terrapin Asset Management LLC now owns 123,793 shares of the company’s stock worth $1,297,000 after buying an additional 30,238 shares during the period. Cohanzick Management LLC grew its holdings in TortoiseEcofin Acquisition Corp. III by 13.2% in the 4th quarter. Cohanzick Management LLC now owns 325,000 shares of the company’s stock worth $3,452,000 after buying an additional 37,993 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in TortoiseEcofin Acquisition Corp. III in the 3rd quarter valued at approximately $3,523,000. Finally, Kim LLC boosted its position in shares of TortoiseEcofin Acquisition Corp. III by 1,200.0% during the 4th quarter. Kim LLC now owns 650,000 shares of the company’s stock valued at $6,903,000 after purchasing an additional 600,000 shares in the last quarter. 70.89% of the stock is owned by institutional investors.

TortoiseEcofin Acquisition Corp. III Price Performance

Shares of NYSE:TRTL traded up $0.01 during trading on Thursday, reaching $10.81. 2,644 shares of the company’s stock traded hands, compared to its average volume of 130,016. TortoiseEcofin Acquisition Corp. III has a 12 month low of $10.24 and a 12 month high of $11.21. The company has a 50 day moving average of $10.76 and a 200-day moving average of $10.66.

About TortoiseEcofin Acquisition Corp. III

TortoiseEcofin Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.