Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Down 46.9% in June

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 772 shares, a drop of 46.9% from the May 31st total of 1,454 shares. Based on an average daily volume of 541 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Keen Vision Acquisition in a research note on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of Keen Vision Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of KVAC. Meteora Capital LLC purchased a new position in Keen Vision Acquisition during the third quarter worth $120,000. Clear Street Group Inc. bought a new position in Keen Vision Acquisition during the third quarter valued at $380,000. Crossingbridge Advisors LLC bought a new position in Keen Vision Acquisition during the third quarter valued at $755,000. Finally, Berkley W R Corp raised its stake in shares of Keen Vision Acquisition by 5.0% in the fourth quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock valued at $8,805,000 after acquiring an additional 35,357 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Stock Up 1.1%

NASDAQ:KVAC opened at $12.32 on Tuesday. Keen Vision Acquisition has a 1 year low of $11.33 and a 1 year high of $12.55. The business has a 50 day simple moving average of $12.23 and a 200-day simple moving average of $12.03.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.