Kochav Defense Acquisition Corp. (NASDAQ:KCHV – Get Free Report) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 620 shares, an increase of 250.3% from the October 15th total of 177 shares. Based on an average trading volume of 38,128 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Trading of Kochav Defense Acquisition
Institutional investors have recently made changes to their positions in the stock. Context Capital Management LLC acquired a new stake in shares of Kochav Defense Acquisition during the 3rd quarter worth $3,666,000. Sona Asset Management US LLC purchased a new stake in Kochav Defense Acquisition during the first quarter valued at about $1,795,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Kochav Defense Acquisition during the second quarter valued at about $940,000.
Kochav Defense Acquisition Stock Up 0.3%
KCHV stock traded up $0.03 during midday trading on Friday, hitting $10.52. The stock had a trading volume of 254 shares, compared to its average volume of 41,775. Kochav Defense Acquisition has a 12-month low of $10.11 and a 12-month high of $10.56. The company’s 50-day moving average price is $10.49 and its 200 day moving average price is $10.37.
Kochav Defense Acquisition (NASDAQ:KCHV – Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.06 earnings per share for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Kochav Defense Acquisition presently has a consensus rating of “Sell”.
Read Our Latest Research Report on Kochav Defense Acquisition
Kochav Defense Acquisition Company Profile
Kochav Defense Acquisition is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more businesses in the defense sector. Its potential transaction could involve a merger, acquisition, share exchange or similar combination. As a SPAC, Kochav Defense Acquisition does not currently operate a defense business or offer defense products or services of its own. Its activities center on identifying and completing a transaction with a target company.
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