NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 55,546 shares, a growth of 93.5% from the May 31st total of 28,702 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 157,787 shares, the days-to-cover ratio is currently 0.4 days.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
NewHold Investment Corp III Price Performance
NewHold Investment Corp III (NASDAQ:NHIC – Get Free Report) last posted its quarterly earnings results on Monday, May 18th. The company reported $0.03 EPS for the quarter. The company had revenue of $3.71 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in NHIC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in NewHold Investment Corp III during the fourth quarter valued at about $4,146,000. Radcliffe Capital Management L.P. raised its holdings in NewHold Investment Corp III by 13.7% during the 4th quarter. Radcliffe Capital Management L.P. now owns 560,971 shares of the company’s stock valued at $5,814,000 after acquiring an additional 67,767 shares during the period. L1 Global Manager Pty Ltd bought a new stake in NewHold Investment Corp III during the 4th quarter valued at $1,555,000. Kryger Capital LLC purchased a new stake in shares of NewHold Investment Corp III during the first quarter worth $4,175,000. Finally, Governors Lane LP boosted its holdings 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 worth $2,635,000 after acquiring an additional 4,190 shares during the period.
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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