Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Short Interest Down 45.7% in May

Kochav Defense Acquisition Corp. (NASDAQ:KCHV – Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 465 shares, a drop of 45.7% from the April 30th total of 856 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,523 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Kochav Defense Acquisition in a research note on Tuesday, February 10th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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Hedge Funds Weigh In On Kochav Defense Acquisition

A number of institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in Kochav Defense Acquisition during the fourth quarter worth about $143,000. Schonfeld Strategic Advisors LLC raised its stake in Kochav Defense Acquisition by 8.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 269,980 shares of the company’s stock worth $2,738,000 after purchasing an additional 19,980 shares during the period. DLD Asset Management LP raised its stake in Kochav Defense Acquisition by 33.3% during the fourth quarter. DLD Asset Management LP now owns 133,333 shares of the company’s stock worth $1,352,000 after purchasing an additional 33,333 shares during the period. Radcliffe Capital Management L.P. raised its stake in 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 purchasing an additional 41,200 shares during the period. Finally, Jain Global LLC acquired a new stake in shares of Kochav Defense Acquisition during the fourth quarter valued at about $674,000.

Kochav Defense Acquisition Trading Down 0.0%

Shares of KCHV stock opened at $10.34 on Monday. The stock’s 50-day moving average price is $10.28. Kochav Defense Acquisition has a 12 month low of $9.93 and a 12 month high of $10.34.

Kochav Defense Acquisition (NASDAQ:KCHV – Get Free Report) last issued its earnings results on Monday, March 30th. The company reported $0.11 EPS for the quarter.

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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