Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Up 134.5% in February

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,088 shares, a growth of 134.5% from the January 29th total of 464 shares. Based on an average trading volume of 1,769 shares, the short-interest ratio is presently 0.6 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 1,769 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp lifted its holdings in shares of Keen Vision Acquisition by 52.7% during the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock valued at $11,895,000 after purchasing an additional 361,071 shares in the last quarter. Clear Street Group Inc. raised its holdings in Keen Vision Acquisition by 86.6% during the 4th quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock worth $723,000 after buying an additional 28,553 shares during the period. Crossingbridge Advisors LLC lifted its stake in Keen Vision Acquisition by 8.9% in the fourth quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock valued at $835,000 after buying an additional 5,776 shares in the last quarter. Finally, Meteora Capital LLC bought a new position in Keen Vision Acquisition in the third quarter valued at approximately $120,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Keen Vision Acquisition currently has a consensus rating of “Hold”.

Keen Vision Acquisition Price Performance

Shares of NASDAQ KVAC opened at $11.90 on Friday. The company’s fifty day moving average is $11.87 and its 200-day moving average is $11.73. Keen Vision Acquisition has a twelve month low of $11.13 and a twelve month high of $12.20.

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.