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

Keen Vision Acquisition Corporation (NASDAQ:KVACGet Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 1,454 shares, an increase of 1,298.1% from the May 14th total of 104 shares. Based on an average daily trading volume, of 2,415 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Keen Vision Acquisition in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Read Our Latest Stock Report on KVAC

Institutional Investors Weigh In On Keen Vision Acquisition

A number of hedge funds have recently made changes to their positions in the stock. Meteora Capital LLC acquired a new position in Keen Vision Acquisition during the 3rd quarter worth approximately $120,000. Clear Street Group Inc. bought a new stake in shares of Keen Vision Acquisition during the third quarter worth $380,000. Crossingbridge Advisors LLC acquired a new position in shares of Keen Vision Acquisition during the third quarter worth $755,000. Finally, Berkley W R Corp increased its holdings in shares of Keen Vision Acquisition by 5.0% during the fourth quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after buying an additional 35,357 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Keen Vision Acquisition Stock Performance

Shares of NASDAQ:KVAC traded down $0.02 during trading on Wednesday, reaching $12.18. 210 shares of the company traded hands, compared to its average volume of 23,668. Keen Vision Acquisition has a 52 week low of $11.25 and a 52 week high of $12.55. The company’s 50 day moving average is $12.20 and its two-hundred day moving average is $11.98.

Keen Vision Acquisition (NASDAQ:KVACGet Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.45 earnings per share for the quarter.

Keen Vision Acquisition Company Profile

(Get Free Report)

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.

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