NewHold Investment Corp III (NASDAQ:NHIC) Sees Large Drop in Short Interest

NewHold Investment Corp III (NASDAQ:NHICGet 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

A number of institutional investors have recently modified their holdings of NHIC. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in NewHold Investment Corp III in the second quarter valued at approximately $9,950,000. Hudson Bay Capital Management LP acquired a new stake in shares of NewHold Investment Corp III in the 2nd quarter worth $8,922,000. Meteora Capital LLC purchased a new position in NewHold Investment Corp III during the 4th quarter worth $4,915,000. Kryger Capital LLC purchased a new stake in NewHold Investment Corp III in the first quarter valued at about $4,175,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in NewHold Investment Corp III in the fourth quarter worth about $4,146,000.

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:NHICGet 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

(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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