Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Update

Keen Vision Acquisition Corporation (NASDAQ:KVAC) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,430 shares, a growth of 48.8% from the November 30th total of 961 shares. Based on an average trading volume of 1,275 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,275 shares, the days-to-cover ratio is currently 1.1 days.

Keen Vision Acquisition Trading Down 27.3%

NASDAQ:KVAC traded down $3.22 during mid-day trading on Monday, hitting $8.58. 3 shares of the company’s stock were exchanged, compared to its average volume of 724. Keen Vision Acquisition has a one year low of $10.92 and a one year high of $12.00. The business has a fifty day moving average price of $11.71 and a 200 day moving average price of $11.59.

Keen Vision Acquisition (NASDAQ:KVAC) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.09 EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Berkley W R Corp raised its position in Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock worth $11,895,000 after acquiring an additional 361,071 shares during the period. Crossingbridge Advisors LLC bought a new position in Keen Vision Acquisition in the 3rd quarter worth $755,000. Clear Street Group Inc. purchased a new position in Keen Vision Acquisition during the third quarter valued at $380,000. Finally, Meteora Capital LLC bought a new position in shares of Keen Vision Acquisition during the 3rd quarter valued at approximately $120,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Keen Vision Acquisition in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Keen Vision Acquisition Company Profile

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.