Tavia Acquisition Corp. (NASDAQ:TAVI) Short Interest Down 83.8% in July

Tavia Acquisition Corp. (NASDAQ:TAVI) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 132 shares, a decrease of 83.8% from the July 15th total of 817 shares. Based on an average daily trading volume, of 1,224 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tavia Acquisition in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tavia Acquisition currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TAVI. Goldman Sachs Group Inc. bought a new stake in Tavia Acquisition during the first quarter worth approximately $2,155,000. Moore Capital Management LP bought a new position in Tavia Acquisition during the 2nd quarter valued at $514,000. Radcliffe Capital Management L.P. bought a new position in Tavia Acquisition during the 2nd quarter valued at $224,000. Mangrove Partners IM LLC increased its position in shares of Tavia Acquisition by 4.7% during the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock valued at $583,000 after purchasing an additional 2,511 shares during the period. Finally, ABC Arbitrage SA acquired a new position in shares of Tavia Acquisition during the 4th quarter valued at $163,000.

Tavia Acquisition Stock Performance

TAVI stock traded up $0.01 during trading on Friday, hitting $10.70. The company had a trading volume of 12,825 shares, compared to its average volume of 1,622. The business has a 50 day moving average of $10.73 and a 200 day moving average of $10.62. Tavia Acquisition has a fifty-two week low of $10.27 and a fifty-two week high of $11.91.

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

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.