Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Up 1,298.1% in May

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,454 shares, a growth of 1,298.1% from the May 14th total of 104 shares. Based on an average daily volume of 2,415 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Keen Vision Acquisition

Institutional investors have recently made changes to their positions in the company. Meteora Capital LLC purchased a new stake in shares of Keen Vision Acquisition during the 3rd quarter valued at approximately $120,000. Clear Street Group Inc. purchased a new stake in shares of Keen Vision Acquisition during the 3rd quarter valued at approximately $380,000. Crossingbridge Advisors LLC purchased a new stake in shares of Keen Vision Acquisition during the 3rd quarter valued at approximately $755,000. Finally, Berkley W R Corp raised its position in shares of Keen Vision Acquisition by 5.0% during the 4th 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. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Trading Up 1.1%

KVAC traded up $0.13 during trading on Tuesday, reaching $12.33. The company’s stock had a trading volume of 12,260 shares, compared to its average volume of 2,728. The firm has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $11.98. Keen Vision Acquisition has a 1 year low of $11.25 and a 1 year high of $12.55.

Keen Vision Acquisition (NASDAQ:KVAC) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.45 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Keen Vision Acquisition in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Keen Vision Acquisition currently has a consensus 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.