NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 28,702 shares, a growth of 1,115.2% from the May 14th total of 2,362 shares. Based on an average daily volume of 568,903 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.
Hedge Funds Weigh In On NewHold Investment Corp III
A number of institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of NewHold Investment Corp III during the 4th quarter worth approximately $4,146,000. Kryger Capital LLC purchased a new stake in NewHold Investment Corp III in the 1st quarter valued at about $4,175,000. Governors Lane LP boosted its stake in shares of NewHold Investment Corp III by 1.7% in the fourth quarter. Governors Lane LP now owns 254,190 shares of the company’s stock valued at $2,635,000 after purchasing an additional 4,190 shares during the period. Radcliffe Capital Management L.P. increased its stake in shares of NewHold Investment Corp III by 13.7% during the fourth quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock worth $5,814,000 after buying an additional 67,767 shares during the period. Finally, L1 Global Manager Pty Ltd acquired a new position in NewHold Investment Corp III in the fourth quarter valued at approximately $1,555,000.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded 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, According to MarketBeat.com, the company has an average rating of “Sell”.
NewHold Investment Corp III Stock Up 0.9%
NewHold Investment Corp III stock traded up $0.10 during mid-day trading on Thursday, reaching $11.00. 22,176 shares of the company’s stock traded hands, compared to its average volume of 123,268. NewHold Investment Corp III has a 12-month low of $10.15 and a 12-month high of $11.60. The company has a market cap of $303.57 million, a price-to-earnings ratio of 91.62 and a beta of 0.21. The stock has a 50 day moving average of $10.62 and a two-hundred day moving average of $10.47.
NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) last announced its earnings results on Monday, May 18th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $3.71 million during the quarter.
About NewHold Investment Corp III
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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