Western Acquisition Ventures Corp. (NASDAQ:WAVS) Sees Large Drop in Short Interest

Western Acquisition Ventures Corp. (NASDAQ:WAVS) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,400 shares, a decline of 14.3% from the March 31st total of 2,800 shares. Based on an average daily volume of 700 shares, the short-interest ratio is presently 3.4 days. Currently, 0.8% of the shares of the company are short sold.

Western Acquisition Ventures Stock Performance

Shares of NASDAQ WAVS opened at $10.83 on Monday. Western Acquisition Ventures has a 52-week low of $10.24 and a 52-week high of $15.87. The firm has a 50 day moving average price of $10.64 and a two-hundred day moving average price of $10.76.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Western Acquisition Ventures stock. Meteora Capital LLC increased its stake in shares of Western Acquisition Ventures Corp. (NASDAQ:WAVS) by 44.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,411 shares of the company’s stock after buying an additional 4,411 shares during the period. Meteora Capital LLC owned about 0.40% of Western Acquisition Ventures worth $159,000 as of its most recent SEC filing. Institutional investors own 6.55% of the company’s stock.

Western Acquisition Ventures Company Profile

Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries.