Fortress Value Acquisition Corp. III (NYSE:FVT) Sees Large Drop in Short Interest

Fortress Value Acquisition Corp. III (NYSE:FVTGet Rating) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 4,900 shares, a decline of 43.0% from the March 31st total of 8,600 shares. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

FVT traded down $0.01 on Friday, hitting $9.84. 40,172 shares of the company’s stock were exchanged, compared to its average volume of 22,364. Fortress Value Acquisition Corp. III has a fifty-two week low of $9.65 and a fifty-two week high of $10.10. The firm has a 50-day moving average price of $9.82 and a 200-day moving average price of $9.79.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Starboard Value LP raised its holdings in shares of Fortress Value Acquisition Corp. III by 85.5% during the 3rd quarter. Starboard Value LP now owns 350,000 shares of the company’s stock worth $3,414,000 after acquiring an additional 161,295 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Fortress Value Acquisition Corp. III during the 3rd quarter worth $731,000. State Street Corp purchased a new position in shares of Fortress Value Acquisition Corp. III during the 4th quarter worth $104,000. CSS LLC IL raised its holdings in shares of Fortress Value Acquisition Corp. III by 4.5% during the 3rd quarter. CSS LLC IL now owns 85,494 shares of the company’s stock worth $834,000 after acquiring an additional 3,668 shares during the period. Finally, Athanor Capital LP purchased a new position in shares of Fortress Value Acquisition Corp. III during the 3rd quarter worth $192,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

Fortress Value Acquisition Corp. III Company Profile (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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