Keen Vision Acquisition Co. (NASDAQ:KVAC) Sees Significant Increase in Short Interest

Keen Vision Acquisition Co. (NASDAQ:KVAC) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 7,200 shares, an increase of 63.6% from the March 31st total of 4,400 shares. Based on an average trading volume of 75,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP acquired a new position in Keen Vision Acquisition during the 3rd quarter valued at approximately $2,647,000. Westchester Capital Management LLC acquired a new position in Keen Vision Acquisition during the 3rd quarter valued at approximately $997,000. Karpus Management Inc. acquired a new position in Keen Vision Acquisition during the 3rd quarter valued at approximately $3,997,000. Wolverine Asset Management LLC acquired a new position in Keen Vision Acquisition during the 3rd quarter valued at approximately $1,322,000. Finally, MMCAP International Inc. SPC acquired a new position in Keen Vision Acquisition during the 3rd quarter valued at approximately $1,526,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Keen Vision Acquisition Trading Up 0.1 %

NASDAQ:KVAC traded up $0.01 during midday trading on Monday, reaching $10.51. 2,889 shares of the company traded hands, compared to its average volume of 68,171. Keen Vision Acquisition has a twelve month low of $10.14 and a twelve month high of $10.98. The company has a fifty day moving average price of $10.45 and a 200 day moving average price of $10.37.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.