Keen Vision Acquisition Corporation (NASDAQ:KVAC) Sees Significant Increase in Short Interest

Keen Vision Acquisition Corporation (NASDAQ:KVAC) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 600 shares, an increase of 20.0% from the August 15th total of 500 shares. Based on an average trading volume of 6,300 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,300 shares, the short-interest ratio is currently 0.1 days.

Keen Vision Acquisition Price Performance

NASDAQ KVAC opened at $11.69 on Friday. Keen Vision Acquisition has a 1-year low of $10.72 and a 1-year high of $11.62. The stock has a 50-day moving average of $11.54 and a 200-day moving average of $11.37.

Institutional Investors Weigh In On Keen Vision Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of KVAC. Toronto Dominion Bank purchased a new position in shares of Keen Vision Acquisition during the fourth quarter valued at approximately $304,000. Westchester Capital Management LLC purchased a new position in shares of Keen Vision Acquisition during the first quarter valued at approximately $787,000. Tabor Asset Management LP purchased a new position in shares of Keen Vision Acquisition during the first quarter valued at approximately $2,614,000. Finally, Berkley W R Corp increased its stake in shares of Keen Vision Acquisition by 52.7% during the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock valued at $11,895,000 after buying an additional 361,071 shares during the period. Institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation does not have significant operations. The company 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 also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.