Khosla Ventures Acquisition Co. III (NASDAQ:KVSC) Short Interest Down 65.5% in March

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Khosla Ventures Acquisition Co. III (NASDAQ: KVSCGet a rating) benefited from a sharp drop in short-term interest rates in March. As of March 31, there was short interest totaling 82,000 shares, down 65.5% from the March 15 total of 237,500 shares. Based on an average trading volume of 130,800 shares, the short-term interest rate ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Several hedge funds have recently bought and sold shares of the company. Westchester Capital Management LLC increased its stake in Khosla Ventures Acquisition Co. III shares by 42.5% in Q3. Westchester Capital Management LLC now owns 470,094 shares of the company worth $4,607,000 after purchasing an additional 140,095 shares in the last quarter. Wealthspring Capital LLC increased its equity stake in Khosla Ventures Acquisition Co. III by 11.1% during the third quarter. Wealthspring Capital LLC now owns 245,356 shares of the company valued at $2,405,000 after purchasing an additional 24,458 shares during the period. Verition Fund Management LLC increased its equity stake in Khosla Ventures Acquisition Co. III by 14.5% during the third quarter. Verition Fund Management LLC now owns 39,539 shares of the company valued at $387,000 after purchasing an additional 5,000 shares during the period. Cowen AND Company LLC purchased a new stock position of Khosla Ventures Acquisition Co. III during Q3 for $101,000. Finally, Sage Mountain Advisors LLC increased its equity stake in Khosla Ventures Acquisition Co. III by 16.5% during the 3rd quarter. Sage Mountain Advisors LLC now owns 157,507 shares of the company valued at $1,544,000 after purchasing an additional 22,345 shares during the period. Hedge funds and other institutional investors own 92.63% of the company’s shares.

Shares of KVSC Stock traded at $0.02 during midday trading on Friday, hitting $9.80. 2,143,703 shares were traded, against an average volume of 358,745. Khosla Ventures Acquisition Co. III has a 1-year low of $9.66 and a 1-year high of $10.29. The company’s 50-day moving average is $9.74 and its two-hundred-day moving average is $9.79.

Company Profile Khosla Ventures Acquisition Co. III (Get a rating)

Khosla Ventures Acquisition Co III intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Menlo Park, California.

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