Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Significant Decrease in Short Interest

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 107 shares, a decrease of 53.7% from the August 15th total of 231 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 13,711 shares, the days-to-cover ratio is currently 0.0 days.

Tavia Acquisition Stock Performance

Shares of TAVI traded up $0.01 on Wednesday, reaching $10.77. The company’s stock had a trading volume of 253 shares, compared to its average volume of 7,801. The stock’s 50 day simple moving average is $10.76 and its two-hundred day simple moving average is $10.66. Tavia Acquisition has a 12-month low of $10.30 and a 12-month high of $11.91.

Tavia Acquisition (NASDAQ:TAVI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter.

Institutional Investors Weigh In On Tavia Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sona Asset Management US LLC bought a new position in shares of Tavia Acquisition in the first quarter worth approximately $1,056,000. Berkley W R Corp increased its stake in Tavia Acquisition by 1.9% in the 1st quarter. Berkley W R Corp now owns 216,861 shares of the company’s stock worth $2,290,000 after buying an additional 3,980 shares in the last quarter. Finally, Radcliffe Capital Management L.P. raised its holdings in Tavia Acquisition by 2.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock valued at $1,061,000 after acquiring an additional 2,801 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tavia Acquisition currently has a consensus rating of “Sell”.

Tavia Acquisition Company Profile

Tavia Acquisition Corporation is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with one or more operating businesses, which may include a merger, share exchange, acquisition of assets, reorganization or similar transaction.

Unlike an operating company, Tavia Acquisition does not have an established portfolio of products or services. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence and negotiating a transaction intended to create a publicly traded business.

Tavia Acquisition is incorporated in the Cayman Islands and its ordinary shares trade on the Nasdaq Capital Market under the symbol TAVI.