Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Short Interest Down 45.7% in May

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 465 shares, a decrease of 45.7% from the April 30th total of 856 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 12,523 shares, the days-to-cover ratio is presently 0.0 days.

Kochav Defense Acquisition Trading Down 0.0%

KCHV stock opened at $10.34 on Monday. The firm’s fifty day moving average price is $10.28. Kochav Defense Acquisition has a one year low of $9.93 and a one year high of $10.34.

Kochav Defense Acquisition (NASDAQ:KCHV) last released its quarterly earnings results on Monday, March 30th. The company reported $0.11 EPS for the quarter.

Hedge Funds Weigh In On Kochav Defense Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in Kochav Defense Acquisition by 84.1% during the fourth quarter. Millennium Management LLC now owns 405,000 shares of the company’s stock valued at $4,107,000 after purchasing an additional 185,000 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in Kochav Defense Acquisition by 8.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 269,980 shares of the company’s stock valued at $2,738,000 after purchasing an additional 19,980 shares in the last quarter. Westchester Capital Management LLC lifted its holdings in Kochav Defense Acquisition by 349.7% during the fourth quarter. Westchester Capital Management LLC now owns 1,286,000 shares of the company’s stock valued at $13,040,000 after purchasing an additional 1,000,000 shares in the last quarter. Berkley W R Corp lifted its holdings in Kochav Defense Acquisition by 15.8% during the fourth quarter. Berkley W R Corp now owns 1,686,575 shares of the company’s stock valued at $17,102,000 after purchasing an additional 229,562 shares in the last quarter. Finally, Crossingbridge Advisors LLC lifted its stake in shares of Kochav Defense Acquisition by 300.0% in the fourth quarter. Crossingbridge Advisors LLC now owns 1,200,005 shares of the company’s stock worth $12,168,000 after buying an additional 900,005 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Kochav Defense Acquisition in a research report on Tuesday, February 10th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Kochav Defense Acquisition Company Profile

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.