Tavia Acquisition (NASDAQ:TAVI) Releases Earnings Results

Tavia Acquisition (NASDAQ:TAVI) posted its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports.

Tavia Acquisition Stock Performance

TAVI stock traded up $0.01 during mid-day trading on Thursday, hitting $10.70. The company had a trading volume of 12,804 shares, compared to its average volume of 32,620. Tavia Acquisition has a 12 month low of $10.27 and a 12 month high of $11.91. The stock’s fifty day moving average price is $10.73 and its two-hundred day moving average price is $10.62.

Hedge Funds Weigh In On Tavia Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAVI. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Tavia Acquisition in the fourth quarter worth $11,369,000. Goldman Sachs Group Inc. purchased a new position in Tavia Acquisition during the 1st quarter worth approximately $2,155,000. Sona Asset Management US LLC acquired a new stake in Tavia Acquisition during the 1st quarter valued at $1,056,000. Rivernorth Capital Management LLC boosted its stake in shares of Tavia Acquisition by 33.3% in the fourth quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock valued at $2,738,000 after purchasing an additional 65,632 shares during the period. Finally, Moore Capital Management LP acquired a new stake in Tavia Acquisition during the second quarter worth about $514,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.