Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Large Drop in Short Interest

by · The Markets Daily

Tavia Acquisition Corp. (NASDAQ:TAVI – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,118 shares, a drop of 59.9% from the May 31st total of 5,284 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,594 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Tavia Acquisition

A number of institutional investors have recently bought and sold shares of the business. Clear Street Group Inc. acquired a new stake in Tavia Acquisition during the 3rd quarter valued at approximately $25,000. ABC Arbitrage SA acquired a new position in Tavia Acquisition during the fourth quarter valued at $163,000. Radcliffe Capital Management L.P. purchased a new stake in Tavia Acquisition in the second quarter valued at $224,000. Moore Capital Management LP purchased a new stake in Tavia Acquisition in the second quarter valued at $514,000. Finally, Mangrove Partners IM LLC grew its position in Tavia Acquisition by 4.7% during the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock worth $583,000 after purchasing an additional 2,511 shares during the period.

Tavia Acquisition Stock Performance

TAVI traded up $0.03 on Tuesday, reaching $10.68. 5,824 shares of the stock were exchanged, compared to its average volume of 40,400. The company’s 50-day moving average price is $10.63 and its 200 day moving average price is $10.54. Tavia Acquisition has a fifty-two week low of $10.24 and a fifty-two week high of $11.91.

Tavia Acquisition (NASDAQ:TAVI – Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.06 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tavia Acquisition in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tavia Acquisition presently has an average rating of “Sell”.

Read Our Latest Report on Tavia Acquisition

About Tavia Acquisition

(Get Free Report)

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.

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