Short Interest in Keen Vision Acquisition Corporation (NASDAQ:KVAC) Decreases By 37.3%

Keen Vision Acquisition Corporation (NASDAQ:KVAC) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 812 shares, a decrease of 37.3% from the December 31st total of 1,295 shares. Based on an average trading volume of 96,351 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 96,351 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Keen Vision Acquisition

Institutional investors have recently made changes to their positions in the stock. Berkley W R Corp increased its stake in shares of Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock worth $11,895,000 after acquiring an additional 361,071 shares during the last quarter. Crossingbridge Advisors LLC acquired a new stake in shares of Keen Vision Acquisition in the third quarter valued at about $755,000. Clear Street Group Inc. bought a new position in Keen Vision Acquisition in the 3rd quarter worth approximately $380,000. Finally, Meteora Capital LLC acquired a new position in Keen Vision Acquisition during the 3rd quarter valued at $120,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

Keen Vision Acquisition Price Performance

NASDAQ KVAC traded up $0.09 during trading hours on Friday, hitting $11.93. 3,394 shares of the company were exchanged, compared to its average volume of 51,575. The company has a 50 day moving average of $11.81 and a two-hundred day moving average of $11.67. Keen Vision Acquisition has a 52-week low of $11.09 and a 52-week high of $12.20.

Keen Vision Acquisition (NASDAQ:KVAC) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.09 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.