TortoiseEcofin Acquisition Corp. III (NYSE:TRTL – Get Rating) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 12,800 shares, a drop of 53.6% from the September 30th total of 27,600 shares. Based on an average daily volume of 120,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are short sold.
Hedge Funds Weigh In On TortoiseEcofin Acquisition Corp. III
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Westchester Capital Management LLC boosted its stake in shares of TortoiseEcofin Acquisition Corp. III by 46.4% during the second quarter. Westchester Capital Management LLC now owns 772,801 shares of the company's stock valued at $7,465,000 after purchasing an additional 245,076 shares in the last quarter. Bulldog Investors LLP bought a new position in shares of TortoiseEcofin Acquisition Corp. III during the second quarter valued at approximately $483,000. Karpus Management Inc. acquired a new stake in TortoiseEcofin Acquisition Corp. III in the second quarter valued at approximately $242,000. Virtu Financial LLC acquired a new stake in TortoiseEcofin Acquisition Corp. III in the second quarter valued at approximately $159,000. Finally, Condor Capital Management acquired a new stake in TortoiseEcofin Acquisition Corp. III in the second quarter valued at approximately $49,000. 67.18% of the stock is currently owned by institutional investors.
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TortoiseEcofin Acquisition Corp. III Price Performance
Shares of NYSE TRTL traded up $0.02 during midday trading on Thursday, reaching $9.86. 42,580 shares of the company's stock traded hands, compared to its average volume of 92,022. The stock's 50 day simple moving average is $9.78 and its 200-day simple moving average is $9.73. TortoiseEcofin Acquisition Corp. III has a one year low of $9.61 and a one year high of $9.90.
About TortoiseEcofin Acquisition Corp. III
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TortoiseEcofin Acquisition Corp. III does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Overland Park, Kansas.
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