Keen Vision Acquisition Co. (NASDAQ:KVAC) Sees Significant Decline in Short Interest

Keen Vision Acquisition Co. (NASDAQ:KVAC) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,500 shares, a drop of 40.0% from the December 31st total of 2,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Keen Vision Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KVAC. Mizuho Securities USA LLC increased its stake in shares of Keen Vision Acquisition by 2,258.7% in the third quarter. Mizuho Securities USA LLC now owns 1,353,000 shares of the company’s stock valued at $14,491,000 after buying an additional 1,295,637 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Keen Vision Acquisition by 34.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 885,388 shares of the company’s stock worth $9,527,000 after acquiring an additional 225,839 shares during the last quarter. Quarry LP acquired a new stake in Keen Vision Acquisition in the 3rd quarter valued at about $4,136,000. Finally, Dakota Wealth Management raised its stake in shares of Keen Vision Acquisition by 40.2% in the third quarter. Dakota Wealth Management now owns 43,600 shares of the company’s stock worth $469,000 after acquiring an additional 12,500 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Keen Vision Acquisition Stock Performance

Shares of NASDAQ:KVAC remained flat at $11.08 on Friday. 1,532 shares of the stock traded hands, compared to its average volume of 19,048. The company has a fifty day moving average of $10.97 and a 200 day moving average of $10.82. Keen Vision Acquisition has a 52 week low of $10.37 and a 52 week high of $11.10.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.