Keen Vision Acquisition Corporation (NASDAQ:KVAC) Sees Significant Decrease in Short Interest

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 772 shares, a decline of 46.9% from the May 31st total of 1,454 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 541 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KVAC. Meteora Capital LLC purchased a new position in Keen Vision Acquisition in the 3rd quarter valued at about $120,000. Clear Street Group Inc. purchased a new position in shares of Keen Vision Acquisition during the third quarter valued at approximately $380,000. Crossingbridge Advisors LLC purchased a new position in shares of Keen Vision Acquisition during the third quarter valued at approximately $755,000. Finally, Berkley W R Corp boosted its position in Keen Vision Acquisition by 5.0% during the fourth quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after acquiring an additional 35,357 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Keen Vision Acquisition Price Performance

Shares of NASDAQ KVAC remained flat at $12.40 during trading on Wednesday. The stock had a trading volume of 168 shares, compared to its average volume of 2,903. Keen Vision Acquisition has a 12 month low of $11.33 and a 12 month high of $12.55. The business’s fifty day simple moving average is $12.24 and its 200-day simple moving average is $12.04.

Analyst Upgrades and Downgrades

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