Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Sees Significant Decline in Short Interest

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 198 shares, a drop of 54.0% from the September 15th total of 430 shares. Based on an average daily trading volume, of 5,339 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Kochav Defense Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlueCrest Capital Management Ltd bought a new position in Kochav Defense Acquisition during the second quarter valued at approximately $940,000. Sona Asset Management US LLC purchased a new position in shares of Kochav Defense Acquisition during the first quarter worth approximately $1,795,000. Finally, Radcliffe Capital Management L.P. raised its stake in shares of Kochav Defense Acquisition by 7.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 566,200 shares of the company’s stock worth $5,741,000 after acquiring an additional 41,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Kochav Defense Acquisition Price Performance

Shares of KCHV traded up $0.00 during midday trading on Tuesday, reaching $10.49. The stock had a trading volume of 6,022 shares, compared to its average volume of 32,958. The company’s 50-day moving average is $10.45 and its 200 day moving average is $10.37. Kochav Defense Acquisition has a 12-month low of $10.07 and a 12-month high of $10.50.

Kochav Defense Acquisition (NASDAQ:KCHV) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.06 EPS for the quarter.

About Kochav Defense Acquisition

Kochav Defense Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more companies. Rather than operating a traditional business, the company’s primary objective is to identify and merge with, acquire, or otherwise combine with an operating business.

Kochav Defense Acquisition has focused its search on opportunities in the defense, aerospace, homeland security and related technology sectors. Its prospective target companies may operate in areas such as defense systems, security technologies, advanced aerospace capabilities and other businesses serving government or military customers.

Until it completes a business combination, Kochav Defense Acquisition does not have an established portfolio of products or services and generally operates as a publicly traded acquisition vehicle.