Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Significant Drop in Short Interest

Tavia Acquisition Corp. (NASDAQ:TAVI) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 132 shares, a decline of 83.8% from the July 15th total of 817 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,224 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Tavia Acquisition

A number of hedge funds have recently added to or reduced their stakes in TAVI. Sona Asset Management US LLC purchased a new position in shares of Tavia Acquisition during the 1st quarter worth about $1,056,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in Tavia Acquisition during the fourth quarter worth approximately $11,369,000. Rivernorth Capital Management LLC raised its stake in Tavia Acquisition by 33.3% during the fourth quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock worth $2,738,000 after purchasing an additional 65,632 shares during the period. Berkley W R Corp raised its stake in Tavia Acquisition by 0.8% during the fourth quarter. Berkley W R Corp now owns 212,881 shares of the company’s stock worth $2,220,000 after purchasing an additional 1,763 shares during the period. Finally, Mangrove Partners IM LLC boosted its holdings in shares of Tavia Acquisition by 4.7% in 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.

Tavia Acquisition Stock Up 0.6%

TAVI stock traded up $0.06 during midday trading on Wednesday, hitting $10.75. The stock had a trading volume of 209 shares, compared to its average volume of 32,836. Tavia Acquisition has a 12-month low of $10.27 and a 12-month high of $11.91. The company’s 50-day moving average price is $10.72 and its 200 day moving average price is $10.61.

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

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.