Tavia Acquisition Corp. (NASDAQ:TAVI) Short Interest Update

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 97,977 shares, an increase of 474.3% from the April 30th total of 17,059 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 79,426 shares, the days-to-cover ratio is presently 1.2 days.

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, the stock currently has a consensus rating of “Sell”.

Tavia Acquisition Trading Down 0.3%

NASDAQ TAVI opened at $10.60 on Friday. Tavia Acquisition has a one year low of $10.15 and a one year high of $11.24. The stock has a 50-day moving average of $10.59 and a 200 day moving average of $10.51.

Tavia Acquisition (NASDAQ:TAVI) last posted its earnings results on Monday, March 16th. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Tavia Acquisition

A number of large investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. bought a new position in Tavia Acquisition in the third quarter valued at about $25,000. ABC Arbitrage SA purchased a new stake in Tavia Acquisition during the fourth quarter valued at approximately $163,000. Radcliffe Capital Management L.P. bought a new position in Tavia Acquisition in the second quarter worth approximately $224,000. Moore Capital Management LP purchased a new position in shares of Tavia Acquisition during the 2nd quarter worth $514,000. Finally, Mangrove Partners IM LLC boosted its stake in shares of 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 acquiring an additional 2,511 shares during the last quarter.

About Tavia Acquisition

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.