Keen Vision Acquisition Corporation (NASDAQ:KVAC) Sees Significant Decrease in Short Interest
by Teresa Graham · The Cerbat GemKeen Vision Acquisition Corporation (NASDAQ:KVAC – Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 111 shares, a decrease of 19.0% from the March 31st total of 137 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 96 shares, the days-to-cover ratio is currently 1.2 days.
Keen Vision Acquisition Stock Up 1.6%
NASDAQ:KVAC traded up $0.20 on Thursday, hitting $12.26. The stock had a trading volume of 200 shares, compared to its average volume of 83. Keen Vision Acquisition has a 52 week low of $11.25 and a 52 week high of $12.20. The business’s fifty day moving average is $12.03 and its 200 day moving average is $11.87.
Keen Vision Acquisition (NASDAQ:KVAC – Get Free Report) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.45 EPS for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keen Vision Acquisition in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Keen Vision Acquisition has an average rating of “Hold”.
Get Our Latest Report on Keen Vision Acquisition
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Crossingbridge Advisors LLC lifted its stake in shares of Keen Vision Acquisition by 8.9% in the fourth quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock valued at $835,000 after buying an additional 5,776 shares in the last quarter. Meteora Capital LLC acquired a new position in shares of Keen Vision Acquisition during the third quarter valued at about $120,000. Clear Street Group Inc. increased its position in shares of Keen Vision Acquisition by 86.6% during the fourth quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock worth $723,000 after acquiring an additional 28,553 shares in the last quarter. Finally, Berkley W R Corp raised its holdings in shares of Keen Vision Acquisition by 5.0% in the 4th quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after acquiring an additional 35,357 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.
Keen Vision Acquisition Company Profile
Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.
The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.