Short Interest in Keen Vision Acquisition Corporation (NASDAQ:KVAC) Grows By 1,480.3%

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 2,734 shares, an increase of 1,480.3% from the July 15th total of 173 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 22,468 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Keen Vision Acquisition

A number of institutional investors have recently made changes to their positions in KVAC. Berkley W R Corp increased 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 buying an additional 35,357 shares during the period. Clear Street Group Inc. lifted its stake in shares of Keen Vision Acquisition by 86.6% in the fourth quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock worth $723,000 after acquiring an additional 28,553 shares during the period. Meteora Capital LLC bought a new stake in Keen Vision Acquisition in the third quarter valued at approximately $120,000. Finally, Crossingbridge Advisors LLC boosted its holdings in Keen Vision Acquisition by 8.9% in the fourth quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock valued at $835,000 after acquiring an additional 5,776 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Price Performance

NASDAQ:KVAC remained flat at $11.51 during mid-day trading on Tuesday. The company’s 50 day simple moving average is $12.21 and its two-hundred day simple moving average is $12.11. Keen Vision Acquisition has a one year low of $11.41 and a one year high of $18.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Keen Vision Acquisition from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Keen Vision Acquisition

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.