Keen Vision Acquisition Corporation (NASDAQ:KVAC) Sees Large Decline in Short Interest

Keen Vision Acquisition Corporation (NASDAQ:KVAC – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 772 shares, a decline of 46.9% from the May 31st total of 1,454 shares. Based on an average daily volume of 541 shares, the short-interest ratio is currently 1.4 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Keen Vision Acquisition in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Keen Vision Acquisition presently has an average rating of “Hold”.

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Institutional Trading of Keen Vision Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meteora Capital LLC purchased a new position in shares of Keen Vision Acquisition in the third quarter worth $120,000. Clear Street Group Inc. bought a new stake in Keen Vision Acquisition in the 3rd quarter valued at $380,000. Crossingbridge Advisors LLC purchased a new stake in Keen Vision Acquisition in the 3rd quarter worth $755,000. Finally, Berkley W R Corp lifted its stake in Keen Vision Acquisition by 5.0% in the 4th quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after purchasing an additional 35,357 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Price Performance

Keen Vision Acquisition stock traded up $0.02 during trading on Thursday, reaching $12.42. The company had a trading volume of 168 shares, compared to its average volume of 2,903. The firm’s 50-day simple moving average is $12.24 and its 200 day simple moving average is $12.04. Keen Vision Acquisition has a 52 week low of $11.33 and a 52 week high of $12.55.

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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