Short Interest in Keen Vision Acquisition Co. (NASDAQ:KVAC) Decreases By 58.5%

Keen Vision Acquisition Co. (NASDAQ:KVAC) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 5,100 shares, a decrease of 58.5% from the February 29th total of 12,300 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 73,800 shares, the short-interest ratio is currently 0.1 days.

Keen Vision Acquisition Price Performance

Shares of KVAC traded down $0.01 during trading hours on Thursday, reaching $10.45. The company’s stock had a trading volume of 2,365 shares, compared to its average volume of 88,314. The firm has a 50 day moving average of $10.41. Keen Vision Acquisition has a 1-year low of $10.14 and a 1-year high of $10.98.

Institutional Investors Weigh In On Keen Vision Acquisition

A number of 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 shares of Keen Vision Acquisition during the 3rd quarter worth $2,647,000. Westchester Capital Management LLC acquired a new stake in shares of Keen Vision Acquisition during the 3rd quarter valued at about $997,000. Karpus Management Inc. bought a new stake in shares of Keen Vision Acquisition in the 3rd quarter valued at approximately $3,997,000. Wolverine Asset Management LLC bought a new stake in Keen Vision Acquisition in the third quarter valued at $1,322,000. Finally, MMCAP International Inc. SPC bought a new stake in shares of Keen Vision Acquisition in the 3rd quarter worth about $1,526,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation 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 intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.