NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 26,886 shares, a decline of 33.8% from the June 30th total of 40,614 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 41,962 shares, the days-to-cover ratio is presently 0.6 days.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of NewHold Investment Corp III in a report on Wednesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, NewHold Investment Corp III has an average rating of “Sell”.
View Our Latest Stock Report on NewHold Investment Corp III
Hedge Funds Weigh In On NewHold Investment Corp III
NewHold Investment Corp III Stock Performance
Shares of NHIC stock opened at $10.71 on Friday. NewHold Investment Corp III has a 52-week low of $10.16 and a 52-week high of $11.60. The firm has a market capitalization of $295.70 million, a PE ratio of 89.25 and a beta of 0.28. The stock has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $10.60.
NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) last released its earnings results on Monday, May 18th. The company reported $0.03 earnings per share for the quarter. The business 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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