Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Stock Short Interest Declines 54.0%

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 198 shares, a drop of 54.0% from the September 15th total of 430 shares. Based on an average trading volume of 5,339 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Kochav Defense Acquisition

A number of hedge funds have recently made changes to their positions in the business. Sona Asset Management US LLC acquired a new position in shares of Kochav Defense Acquisition during the 1st quarter valued at $1,795,000. BlueCrest Capital Management Ltd purchased a new stake in Kochav Defense Acquisition during the 2nd quarter worth $940,000. Finally, Radcliffe Capital Management L.P. increased its holdings in Kochav Defense Acquisition by 7.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 566,200 shares of the company’s stock valued at $5,741,000 after purchasing an additional 41,200 shares in the last quarter.

Kochav Defense Acquisition Stock Performance

NASDAQ KCHV remained flat at $10.50 during mid-day trading on Wednesday. 292,310 shares of the company traded hands, compared to its average volume of 34,771. Kochav Defense Acquisition has a 52-week low of $10.07 and a 52-week high of $10.50. The company has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $10.38.

Kochav Defense Acquisition (NASDAQ:KCHV) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.06 earnings per share for the quarter.

About Kochav Defense Acquisition

Kochav Defense Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more companies. Rather than operating a traditional business, the company’s primary objective is to identify and merge with, acquire, or otherwise combine with an operating business.

Kochav Defense Acquisition has focused its search on opportunities in the defense, aerospace, homeland security and related technology sectors. Its prospective target companies may operate in areas such as defense systems, security technologies, advanced aerospace capabilities and other businesses serving government or military customers.

Until it completes a business combination, Kochav Defense Acquisition does not have an established portfolio of products or services and generally operates as a publicly traded acquisition vehicle.