Short Interest in NewHold Investment Corp III (NASDAQ:NHIC) Grows By 361.6%

NewHold Investment Corp III (NASDAQ:NHIC) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 7,321 shares, an increase of 361.6% from the April 15th total of 1,586 shares. Based on an average daily volume of 8,101 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

NewHold Investment Corp III Price Performance

NewHold Investment Corp III stock traded down $0.03 during trading hours on Friday, reaching $10.53. The company had a trading volume of 503 shares, compared to its average volume of 8,329. The company has a 50-day moving average price of $10.42 and a 200 day moving average price of $10.39. The firm has a market cap of $290.73 million and a price-to-earnings ratio of 87.75. NewHold Investment Corp III has a 12-month low of $10.01 and a 12-month high of $10.86.

NewHold Investment Corp III (NASDAQ:NHIC) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.02 EPS for the quarter. The company had revenue of $4.04 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised NewHold Investment Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On NewHold Investment Corp III

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clear Street Group Inc. purchased a new stake in NewHold Investment Corp III in the third quarter worth $67,000. Concurrent Investment Advisors LLC bought a new stake in NewHold Investment Corp III in the third quarter worth $113,000. Sandia Investment Management LP bought a new stake in NewHold Investment Corp III in the second quarter worth $254,000. Alyeska Investment Group L.P. bought a new stake in NewHold Investment Corp III in the third quarter worth $450,000. Finally, JPMorgan Chase & Co. bought a new stake in NewHold Investment Corp III in the second quarter worth $1,015,000.

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.