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

Fortress Value Acquisition Corp. III (NYSE:FVTGet Rating) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 3,600 shares, a decrease of 65.0% from the April 30th total of 10,300 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 48,400 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NYSE FVT opened at $9.80 on Thursday. Fortress Value Acquisition Corp. III has a 12-month low of $9.65 and a 12-month high of $10.10. The company’s fifty day simple moving average is $9.83 and its 200 day simple moving average is $9.80.

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

Fortress Value Acquisition Corp. III Company Profile (Get Rating)

Fortress Value Acquisition Corp. III does not have significant operations. It intends to effect 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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