Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Sees Large Decline in Short Interest

Kochav Defense Acquisition Corp. (NASDAQ:KCHVGet Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 488 shares, a drop of 55.9% from the June 30th total of 1,107 shares. Based on an average daily trading volume, of 12,207 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kochav Defense Acquisition in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kochav Defense Acquisition presently has an average rating of “Sell”.

Get Our Latest Research Report on Kochav Defense Acquisition

Kochav Defense Acquisition Trading Down 0.2%

NASDAQ:KCHV traded down $0.02 during midday trading on Tuesday, reaching $10.38. The stock had a trading volume of 9,290 shares, compared to its average volume of 29,909. Kochav Defense Acquisition has a 1-year low of $10.01 and a 1-year high of $10.40. The business has a fifty day moving average price of $10.36.

Kochav Defense Acquisition (NASDAQ:KCHVGet Free Report) last released its earnings results on Monday, March 30th. The company reported $0.11 earnings per share for the quarter.

Hedge Funds Weigh In On Kochav Defense Acquisition

A number of institutional investors have recently made changes to their positions in KCHV. Berkley W R Corp lifted its position in shares of Kochav Defense Acquisition by 15.8% during the 4th quarter. Berkley W R Corp now owns 1,686,575 shares of the company’s stock worth $17,102,000 after purchasing an additional 229,562 shares during the last quarter. Westchester Capital Management LLC increased its position in Kochav Defense Acquisition by 349.7% in the 4th quarter. Westchester Capital Management LLC now owns 1,286,000 shares of the company’s stock worth $13,040,000 after buying an additional 1,000,000 shares during the period. Crossingbridge Advisors LLC lifted its holdings in shares of Kochav Defense Acquisition by 300.0% during the fourth quarter. Crossingbridge Advisors LLC now owns 1,200,005 shares of the company’s stock worth $12,168,000 after buying an additional 900,005 shares during the last quarter. Radcliffe Capital Management L.P. lifted its holdings in shares of Kochav Defense Acquisition by 7.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 566,200 shares of the company’s stock worth $5,741,000 after buying an additional 41,200 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Kochav Defense Acquisition by 84.1% in the fourth quarter. Millennium Management LLC now owns 405,000 shares of the company’s stock valued at $4,107,000 after acquiring an additional 185,000 shares during the period.

Kochav Defense Acquisition Company Profile

(Get Free Report)

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.

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