Tavia Acquisition Corp. (NASDAQ:TAVI) Short Interest Down 52.9% in June

Tavia Acquisition Corp. (NASDAQ:TAVI) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 997 shares, a drop of 52.9% from the June 15th total of 2,118 shares. Based on an average daily volume of 2,849 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Tavia Acquisition Stock Up 6.3%

Shares of TAVI stock traded up $0.67 during trading hours on Thursday, reaching $11.32. The company had a trading volume of 3,036 shares, compared to its average volume of 37,476. Tavia Acquisition has a 12 month low of $10.24 and a 12 month high of $11.91. The business has a fifty day simple moving average of $10.66 and a 200-day simple moving average of $10.57.

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

Hedge Funds Weigh In On Tavia Acquisition

Several hedge funds have recently modified their holdings of TAVI. Berkley W R Corp increased its position in shares of Tavia Acquisition by 0.8% during the fourth quarter. Berkley W R Corp now owns 212,881 shares of the company’s stock valued at $2,220,000 after acquiring an additional 1,763 shares during the last quarter. Clear Street Group Inc. bought a new position in Tavia Acquisition in the 3rd quarter valued at $25,000. Mangrove Partners IM LLC increased its position in shares of Tavia Acquisition by 4.7% during 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 during the last quarter. Radcliffe Capital Management L.P. raised 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 worth $1,061,000 after purchasing an additional 2,801 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Tavia Acquisition during the 4th quarter worth $163,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tavia Acquisition in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.