Short Interest in Fortress Value Acquisition Corp. III (NYSE:FVT) Rises By 168.8%

Fortress Value Acquisition Corp. III (NYSE:FVTGet Rating) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 8,600 shares, a growth of 168.8% from the March 15th total of 3,200 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 41,800 shares, the short-interest ratio is presently 0.2 days.

Shares of NYSE FVT opened at $9.85 on Thursday. The company’s fifty day moving average price is $9.81 and its 200 day moving average price is $9.78. Fortress Value Acquisition Corp. III has a 1 year low of $9.65 and a 1 year high of $10.10.

A number of hedge funds and other institutional investors have recently made changes to their positions in FVT. Starboard Value LP boosted its holdings in Fortress Value Acquisition Corp. III by 85.5% during the third quarter. Starboard Value LP now owns 350,000 shares of the company’s stock worth $3,414,000 after buying an additional 161,295 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Fortress Value Acquisition Corp. III during the third quarter valued at $731,000. Sycomore Asset Management purchased a new position in Fortress Value Acquisition Corp. III during the third quarter valued at $49,000. Athanor Capital LP purchased a new position in Fortress Value Acquisition Corp. III during the third quarter valued at $192,000. Finally, State Street Corp purchased a new position in Fortress Value Acquisition Corp. III during the fourth quarter valued at $104,000. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

About Fortress Value Acquisition Corp. III (Get Rating)

Fortress Value Acquisition Corp. III does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses The company was incorporated in 2020 and is based in New York, New York.

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