Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Update

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,734 shares, a growth of 1,480.3% from the July 15th total of 173 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 22,468 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Keen Vision Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in KVAC. Berkley W R Corp lifted its holdings 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. Crossingbridge Advisors LLC grew its holdings in Keen Vision Acquisition by 8.9% during the 4th quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock valued at $835,000 after buying an additional 5,776 shares in the last quarter. Meteora Capital LLC purchased a new stake in Keen Vision Acquisition during the 3rd quarter valued at approximately $120,000. Finally, Clear Street Group Inc. grew its holdings in Keen Vision Acquisition by 86.6% during the 4th quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock valued at $723,000 after buying an additional 28,553 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Price Performance

NASDAQ:KVAC opened at $11.51 on Thursday. The business’s 50-day simple moving average is $12.19 and its two-hundred day simple moving average is $12.11. Keen Vision Acquisition has a 52 week low of $11.41 and a 52 week high of $18.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Keen Vision Acquisition from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Keen Vision Acquisition

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.