Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Declines By 94.6%

Tavia Acquisition Corp. (NASDAQ:TAVI) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,284 shares, a decline of 94.6% from the May 14th total of 97,977 shares. Based on an average trading volume of 156,732 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tavia Acquisition in a research report on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Tavia Acquisition Price Performance

TAVI remained flat at $10.64 during trading on Thursday. 337 shares of the company’s stock were exchanged, compared to its average volume of 47,097. The firm has a fifty day moving average of $10.60 and a 200 day moving average of $10.52. Tavia Acquisition has a 1 year low of $10.18 and a 1 year high of $11.35.

Tavia Acquisition (NASDAQ:TAVI) last released its quarterly earnings data on Monday, March 16th. The company reported $0.06 EPS for the quarter.

Institutional Investors Weigh In On Tavia Acquisition

A number of institutional investors have recently added to or reduced their stakes in TAVI. Clear Street Group Inc. acquired a new position in shares of Tavia Acquisition in the 3rd quarter worth approximately $25,000. ABC Arbitrage SA bought a new stake in Tavia Acquisition in the fourth quarter valued at $163,000. Radcliffe Capital Management L.P. acquired a new position in Tavia Acquisition during the second quarter worth $224,000. Moore Capital Management LP bought a new position in shares of Tavia Acquisition during the second quarter valued at $514,000. Finally, Mangrove Partners IM LLC boosted its stake in shares of Tavia Acquisition by 4.7% in 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 in the last quarter.

Tavia Acquisition Company Profile

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.