Short Interest in Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Decreases By 45.7%

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 465 shares, a decline of 45.7% from the April 30th total of 856 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 12,523 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Kochav Defense Acquisition

Several hedge funds have recently bought and sold shares of KCHV. Sona Asset Management US LLC bought a new stake in shares of Kochav Defense Acquisition during the first quarter worth about $1,795,000. Virtu Financial LLC bought a new stake in shares of Kochav Defense Acquisition during the fourth quarter worth about $143,000. Stoic Point Capital Management LLC bought a new stake in shares of Kochav Defense Acquisition during the fourth quarter worth about $682,000. Millennium Management LLC increased its position in shares of Kochav Defense Acquisition by 84.1% during the fourth quarter. Millennium Management LLC now owns 405,000 shares of the company’s stock worth $4,107,000 after acquiring an additional 185,000 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of Kochav Defense Acquisition by 8.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 269,980 shares of the company’s stock worth $2,738,000 after acquiring an additional 19,980 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Kochav Defense Acquisition in a research note on Tuesday, February 10th. They issued a “sell (e+)” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Kochav Defense Acquisition Stock Performance

NASDAQ:KCHV traded down $0.01 on Tuesday, hitting $10.34. The stock had a trading volume of 20,846 shares, compared to its average volume of 26,985. The company’s fifty day moving average price is $10.29. Kochav Defense Acquisition has a 52 week low of $9.93 and a 52 week high of $10.35.

Kochav Defense Acquisition (NASDAQ:KCHV) last announced its quarterly earnings results on Monday, March 30th. The company reported $0.11 earnings per share (EPS) for the quarter.

Kochav Defense Acquisition Company Profile

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.