Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Drops By 94.6%

Tavia Acquisition Corp. (NASDAQ:TAVIGet Free Report) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 5,284 shares, a decline of 94.6% from the May 14th total of 97,977 shares. Based on an average daily volume of 156,732 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Tavia Acquisition Stock Performance

NASDAQ TAVI traded up $0.01 during trading hours on Wednesday, reaching $10.65. The company’s stock had a trading volume of 500 shares, compared to its average volume of 47,864. Tavia Acquisition has a 52 week low of $10.18 and a 52 week high of $11.35. The business has a 50-day simple moving average of $10.60 and a 200 day simple moving average of $10.52.

Tavia Acquisition (NASDAQ:TAVIGet Free Report) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.06 EPS for the quarter.

Institutional Trading of Tavia Acquisition

Hedge funds have recently bought and sold shares of the company. Clear Street Group Inc. purchased a new stake in shares of Tavia Acquisition in the third quarter worth approximately $25,000. ABC Arbitrage SA bought a new stake in Tavia Acquisition during the fourth quarter valued at about $163,000. Radcliffe Capital Management L.P. bought a new position in Tavia Acquisition in the 2nd quarter worth approximately $224,000. Moore Capital Management LP bought a new position in Tavia Acquisition during the second quarter worth $514,000. Finally, Mangrove Partners IM LLC boosted its holdings in Tavia Acquisition by 4.7% during the third quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock valued at $583,000 after purchasing an additional 2,511 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tavia Acquisition currently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on Tavia Acquisition

About Tavia Acquisition

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Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.

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