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

Tavia Acquisition Corp. (NASDAQ:TAVI) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 231 shares, an increase of 75.0% from the July 30th total of 132 shares. Based on an average trading volume of 2,833 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Tavia Acquisition Price Performance

NASDAQ:TAVI opened at $10.70 on Monday. The firm has a 50 day simple moving average of $10.74 and a 200-day simple moving average of $10.64. Tavia Acquisition has a 1-year low of $10.28 and a 1-year high of $11.91.

Tavia Acquisition (NASDAQ:TAVI) last announced its earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Tavia Acquisition

Hedge funds have recently made changes to their positions in the business. ABC Arbitrage SA purchased a new stake in shares of Tavia Acquisition in the fourth quarter valued at $163,000. Radcliffe Capital Management L.P. purchased a new position in Tavia Acquisition during the second quarter worth about $224,000. Moore Capital Management LP acquired a new stake in Tavia Acquisition in the 2nd quarter worth about $514,000. Mangrove Partners IM LLC boosted its stake in Tavia Acquisition by 4.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock worth $583,000 after buying an additional 2,511 shares during the last quarter. Finally, Sona Asset Management US LLC purchased a new stake in Tavia Acquisition in the 1st quarter valued at about $1,056,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

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.