Tavia Acquisition Corp. (NASDAQ:TAVI) Short Interest Update

Tavia Acquisition Corp. (NASDAQ:TAVI) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,118 shares, a decline of 59.9% from the May 31st total of 5,284 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,594 shares, the days-to-cover ratio is currently 1.3 days.

Tavia Acquisition Stock Performance

Shares of NASDAQ:TAVI opened at $10.68 on Wednesday. Tavia Acquisition has a 52 week low of $10.24 and a 52 week high of $11.91. The company’s fifty day moving average is $10.63 and its 200-day moving average is $10.54.

Tavia Acquisition (NASDAQ:TAVI) last posted its earnings results on Monday, March 16th. The company reported $0.06 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Tavia Acquisition in a report on Thursday, April 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Tavia Acquisition

Several hedge funds have recently modified their holdings of TAVI. Clear Street Group Inc. bought a new position in shares of Tavia Acquisition in the third quarter valued at approximately $25,000. ABC Arbitrage SA bought a new stake in Tavia Acquisition during the 4th quarter worth approximately $163,000. Radcliffe Capital Management L.P. acquired a new stake in Tavia Acquisition during the 2nd quarter valued at $224,000. Moore Capital Management LP acquired a new stake in Tavia Acquisition during the 2nd quarter valued at $514,000. Finally, Mangrove Partners IM LLC increased its holdings in Tavia Acquisition by 4.7% during the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock valued at $583,000 after purchasing an additional 2,511 shares in 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.