NewHold Investment Corp III (NASDAQ:NHIC) Short Interest Down 86.3% in August

NewHold Investment Corp III (NASDAQ:NHIC) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 2,996 shares, a drop of 86.3% from the July 30th total of 21,844 shares. Based on an average daily volume of 119,681 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

NewHold Investment Corp III Stock Performance

Shares of NASDAQ NHIC traded down $0.03 during midday trading on Wednesday, reaching $10.60. The stock had a trading volume of 98,234 shares, compared to its average volume of 125,409. The company has a market capitalization of $292.56 million, a price-to-earnings ratio of -151.37 and a beta of 0.30. NewHold Investment Corp III has a 12-month low of $10.16 and a 12-month high of $11.60. The stock has a 50-day moving average of $10.78 and a 200-day moving average of $10.63.

NewHold Investment Corp III (NASDAQ:NHIC) last released its earnings results on Wednesday, August 12th. The company reported ($0.12) earnings per share for the quarter. The company had revenue of $3.74 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of NewHold Investment Corp III in a report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On NewHold Investment Corp III

Several large investors have recently made changes to their positions in NHIC. Strategic Investment Solutions Inc. IL bought a new position in shares of NewHold Investment Corp III in the second quarter worth about $98,000. Readystate Asset Management LP purchased a new stake in shares of NewHold Investment Corp III during the second quarter worth about $126,000. FNY Investment Advisers LLC purchased a new stake in shares of NewHold Investment Corp III during the second quarter worth about $217,000. Sandia Investment Management LP bought a new stake in NewHold Investment Corp III during the 2nd quarter valued at approximately $254,000. Finally, Alyeska Investment Group L.P. bought a new stake in NewHold Investment Corp III during the 3rd quarter valued at approximately $450,000.

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.