Harvard Ave Acquistion Corp (NASDAQ:HAVA) Sees Significant Decline in Short Interest

Harvard Ave Acquistion Corp (NASDAQ:HAVA) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 133 shares, a drop of 96.0% from the July 15th total of 3,303 shares. Based on an average trading volume of 15,338 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Harvard Ave Acquistion Stock Performance

Shares of HAVA stock traded up $0.02 during trading hours on Tuesday, reaching $10.17. The company had a trading volume of 2,211 shares, compared to its average volume of 9,317. Harvard Ave Acquistion has a twelve month low of $9.87 and a twelve month high of $10.17. The company’s fifty day simple moving average is $10.12.

Harvard Ave Acquistion (NASDAQ:HAVA) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.05 EPS for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Whitebox Advisors LLC purchased a new position in shares of Harvard Ave Acquistion in the first quarter valued at $7,508,000. Hudson Bay Capital Management LP purchased a new stake in Harvard Ave Acquistion during the 4th quarter worth $7,462,000. Polar Asset Management Partners Inc. purchased a new stake in Harvard Ave Acquistion during the 1st quarter worth $7,506,000. Aristeia Capital L.L.C. acquired a new position in Harvard Ave Acquistion in the 4th quarter worth $5,462,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Harvard Ave Acquistion in the 4th quarter worth $5,462,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Harvard Ave Acquistion

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.