Tavia Acquisition Corp. (NASDAQ:TAVI) Short Interest Update

Tavia Acquisition Corp. (NASDAQ:TAVI) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 50 shares, a decline of 53.3% from the August 31st total of 107 shares. Based on an average trading volume of 551 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Tavia Acquisition

A number of institutional investors have recently bought and sold shares of TAVI. Sona Asset Management US LLC purchased a new position in Tavia Acquisition during the first quarter worth approximately $1,056,000. Radcliffe Capital Management L.P. grew its stake in shares of Tavia Acquisition by 2.8% during the 4th quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock valued at $1,061,000 after buying an additional 2,801 shares during the period. Finally, Berkley W R Corp grew its stake in shares of Tavia Acquisition by 1.9% during the 1st quarter. Berkley W R Corp now owns 216,861 shares of the company’s stock valued at $2,290,000 after buying an additional 3,980 shares during the period.

Tavia Acquisition Trading Up 0.6%

TAVI traded up $0.07 during trading on Wednesday, hitting $10.84. The company’s stock had a trading volume of 1,947 shares, compared to its average volume of 766. Tavia Acquisition has a twelve month low of $10.32 and a twelve month high of $11.91. The firm’s 50 day moving average price is $10.74 and its 200-day moving average price is $10.67.

Tavia Acquisition (NASDAQ:TAVI) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One research 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 Corporation is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with one or more operating businesses, which may include a merger, share exchange, acquisition of assets, reorganization or similar transaction.

Unlike an operating company, Tavia Acquisition does not have an established portfolio of products or services. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence and negotiating a transaction intended to create a publicly traded business.

Tavia Acquisition is incorporated in the Cayman Islands and its ordinary shares trade on the Nasdaq Capital Market under the symbol TAVI.