Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Large Drop in Short Interest

Tavia Acquisition Corp. (NASDAQ:TAVI) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 107 shares, a drop of 53.7% from the August 15th total of 231 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 13,711 shares, the short-interest ratio is currently 0.0 days.

Tavia Acquisition Stock Up 0.1%

Shares of Tavia Acquisition stock traded up $0.01 on Tuesday, reaching $10.76. The company’s stock had a trading volume of 113 shares, compared to its average volume of 30,645. Tavia Acquisition has a 52 week low of $10.30 and a 52 week high of $11.91. The firm’s fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $10.65.

Tavia Acquisition (NASDAQ:TAVI) last issued its earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tavia Acquisition presently has an average rating of “Sell”.

Institutional Investors Weigh In On Tavia Acquisition

Institutional investors have recently bought and sold shares of the business. Sona Asset Management US LLC bought a new stake in Tavia Acquisition in the 1st quarter valued at $1,056,000. Radcliffe Capital Management L.P. boosted its stake in Tavia Acquisition by 2.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock valued at $1,061,000 after buying an additional 2,801 shares during the last quarter. Finally, Berkley W R Corp increased its stake in Tavia Acquisition by 1.9% in the 1st quarter. Berkley W R Corp now owns 216,861 shares of the company’s stock worth $2,290,000 after acquiring an additional 3,980 shares during the last quarter.

Tavia Acquisition Company Profile

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.