Keen Vision Acquisition Co. (NASDAQ:KVAC) Sees Large Drop in Short Interest

Keen Vision Acquisition Co. (NASDAQ:KVAC) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,200 shares, a decline of 69.2% from the January 31st total of 3,900 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 10,000 shares, the short-interest ratio is presently 0.1 days.

Keen Vision Acquisition Stock Performance

Shares of Keen Vision Acquisition stock opened at $11.15 on Friday. Keen Vision Acquisition has a 12-month low of $10.40 and a 12-month high of $11.15. The firm’s 50 day simple moving average is $11.05 and its two-hundred day simple moving average is $10.88.

Hedge Funds Weigh In On Keen Vision Acquisition

Several hedge funds have recently made changes to their positions in KVAC. Toronto Dominion Bank purchased a new stake in Keen Vision Acquisition during the 4th quarter valued at about $304,000. Spartan Fund Management Inc. acquired a new stake in shares of Keen Vision Acquisition during the fourth quarter worth about $779,000. Wolverine Asset Management LLC boosted its position in Keen Vision Acquisition by 34.2% in the third quarter. Wolverine Asset Management LLC now owns 885,388 shares of the company’s stock valued at $9,527,000 after buying an additional 225,839 shares during the last quarter. Yakira Capital Management Inc. acquired a new position in Keen Vision Acquisition in the 4th quarter worth approximately $2,556,000. Finally, Quarry LP purchased a new position in Keen Vision Acquisition during the 3rd quarter worth approximately $4,136,000. 51.72% of the stock is owned by institutional investors and hedge funds.

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.