Khosla Ventures Acquisition Co. (NASDAQ:KVSA – Get Rating) saw a significant increase in short interest in April. As of April 30th, there was short interest totalling 4,000 shares, an increase of 110.5% from the April 15th total of 1,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 57,500 shares, the days-to-cover ratio is presently 0.1 days.
Several large investors have recently modified their holdings of the company. Morgan Stanley purchased a new position in Khosla Ventures Acquisition during the first quarter worth about $295,000. Russell Investments Group Ltd. acquired a new stake in Khosla Ventures Acquisition during the third quarter worth about $771,000. Sycale Advisors NY LLC acquired a new stake in Khosla Ventures Acquisition during the third quarter worth about $2,795,000. Magnetar Financial LLC increased its stake in Khosla Ventures Acquisition by 4.4% during the third quarter. Magnetar Financial LLC now owns 414,166 shares of the company’s stock worth $4,088,000 after acquiring an additional 17,456 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Khosla Ventures Acquisition by 180.0% during the third quarter. Hsbc Holdings PLC now owns 1,400,000 shares of the company’s stock worth $13,832,000 after acquiring an additional 900,000 shares during the last quarter. Institutional investors and hedge funds own 87.82% of the company’s stock.
Shares of NASDAQ:KVSA traded up $0.02 on Friday, hitting $9.75. The company had a trading volume of 23,784 shares, compared to its average volume of 79,792. Khosla Ventures Acquisition has a 52-week low of $9.58 and a 52-week high of $10.27. The business has a 50 day moving average of $9.77 and a 200 day moving average of $9.78.
Khosla Ventures Acquisition Co focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2021 and is based in Menlo Park, California.
- Get a free copy of the StockNews.com research report on Khosla Ventures Acquisition (KVSA)
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