Texas Ventures Acquisition III Corp (NASDAQ:TVACU) Stock Short Interest Rises 430.6%

Texas Ventures Acquisition III Corp (NASDAQ:TVACU) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,560 shares, an increase of 430.6% from the September 30th total of 294 shares. Based on an average trading volume of 378 shares, the days-to-cover ratio is presently 4.1 days.

Texas Ventures Acquisition III Stock Up 0.7%

Shares of NASDAQ TVACU traded up $0.08 on Tuesday, hitting $10.79. The company’s stock had a trading volume of 101 shares, compared to its average volume of 1,483. Texas Ventures Acquisition III has a 12-month low of $10.51 and a 12-month high of $12.00. The stock has a 50 day moving average of $10.73 and a 200-day moving average of $10.83.

About Texas Ventures Acquisition III

Texas Ventures Acquisition III Corp. is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with one or more operating companies. The transaction could take the form of a merger, acquisition, stock purchase, reorganization, or similar arrangement.

Unlike an operating company, Texas Ventures Acquisition III does not currently sell products or provide services of its own. Its business activities are focused on raising capital through its public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.