Fortress Value Acquisition Corp. III (NYSE:FVT) Sees Significant Increase in Short Interest

Fortress Value Acquisition Corp. III (NYSE:FVTGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 10,300 shares, a growth of 110.2% from the April 15th total of 4,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 44,600 shares, the short-interest ratio is presently 0.2 days.

A number of hedge funds and other institutional investors have recently modified their holdings of FVT. Starboard Value LP boosted its position 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 valued at $3,414,000 after purchasing an additional 161,295 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Fortress Value Acquisition Corp. III in the third quarter valued at approximately $731,000. Athanor Capital LP acquired a new stake in shares of Fortress Value Acquisition Corp. III in the third quarter valued at approximately $192,000. State Street Corp acquired a new stake in shares of Fortress Value Acquisition Corp. III in the fourth quarter valued at approximately $104,000. Finally, CSS LLC IL lifted its position in shares of Fortress Value Acquisition Corp. III by 4.5% in the third quarter. CSS LLC IL now owns 85,494 shares of the company’s stock valued at $834,000 after buying an additional 3,668 shares during the last quarter. 67.83% of the stock is owned by hedge funds and other institutional investors.

NYSE FVT traded up $0.01 during trading hours on Friday, hitting $9.82. 9,715 shares of the company traded hands, compared to its average volume of 45,592. The business’s 50-day moving average is $9.83 and its 200-day moving average is $9.80. Fortress Value Acquisition Corp. III has a twelve month low of $9.65 and a twelve month high of $10.10.

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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