Thunder Bridge Capital Partners III Inc. (NASDAQ:TBCP – Get Rating) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 900 shares, a decline of 40.0% from the April 30th total of 1,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 0.2 days.
Thunder Bridge Capital Partners III Price Performance
Shares of NASDAQ:TBCP opened at $10.32 on Friday. Thunder Bridge Capital Partners III has a 12 month low of $9.67 and a 12 month high of $10.48. The stock’s 50 day moving average price is $10.08 and its 200 day moving average price is $10.00.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC purchased a new position in Thunder Bridge Capital Partners III during the 3rd quarter worth approximately $112,000. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in Thunder Bridge Capital Partners III during the first quarter worth about $168,000. Barclays PLC bought a new stake in shares of Thunder Bridge Capital Partners III during the third quarter valued at approximately $173,000. Ergoteles LLC acquired a new position in Thunder Bridge Capital Partners III in the third quarter valued at approximately $205,000. Finally, Virtu Financial LLC acquired a new stake in Thunder Bridge Capital Partners III in the third quarter worth $296,000. Institutional investors own 77.87% of the company’s stock.
Thunder Bridge Capital Partners III Company Profile
Thunder Bridge Capital Partners III Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Great Falls, Virginia.
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