Short Interest in Keen Vision Acquisition Corporation (NASDAQ:KVAC) Declines By 37.3%

Keen Vision Acquisition Corporation (NASDAQ:KVAC) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 812 shares, a decrease of 37.3% from the December 31st total of 1,295 shares. Based on an average daily volume of 96,351 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 96,351 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Keen Vision Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the business. Meteora Capital LLC bought a new stake in shares of Keen Vision Acquisition in the 3rd quarter valued at $120,000. Clear Street Group Inc. acquired a new position in Keen Vision Acquisition in the third quarter valued at about $380,000. Crossingbridge Advisors LLC bought a new stake in shares of Keen Vision Acquisition in the third quarter worth about $755,000. Finally, Berkley W R Corp raised its position in shares of Keen Vision Acquisition by 52.7% during the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock worth $11,895,000 after purchasing an additional 361,071 shares during the period. Institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Price Performance

Shares of NASDAQ:KVAC opened at $11.92 on Friday. Keen Vision Acquisition has a 1-year low of $11.09 and a 1-year high of $12.20. The business has a 50-day moving average price of $11.81 and a two-hundred day moving average price of $11.67.

Keen Vision Acquisition (NASDAQ:KVAC) last issued its earnings results on Wednesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Keen Vision Acquisition Company Profile

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.