Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Declines By 94.6%

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,284 shares, a drop of 94.6% from the May 14th total of 97,977 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 156,732 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Tavia Acquisition presently has a consensus rating of “Sell”.

Tavia Acquisition Trading Up 0.3%

Shares of TAVI stock traded up $0.03 on Tuesday, reaching $10.65. The company’s stock had a trading volume of 2,961 shares, compared to its average volume of 96,779. The stock’s fifty day simple moving average is $10.60 and its 200-day simple moving average is $10.52. Tavia Acquisition has a 1 year low of $10.18 and a 1 year high of $11.35.

Tavia Acquisition (NASDAQ:TAVI) last posted its earnings results on Monday, March 16th. The company reported $0.06 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of Tavia Acquisition in the fourth quarter valued at $11,369,000. Rivernorth Capital Management LLC grew its holdings in shares of Tavia Acquisition by 33.3% in the fourth quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock valued at $2,738,000 after purchasing an additional 65,632 shares in the last quarter. Berkley W R Corp grew its holdings in shares of Tavia Acquisition by 1.9% in the first quarter. Berkley W R Corp now owns 216,861 shares of the company’s stock valued at $2,290,000 after purchasing an additional 3,980 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Tavia Acquisition in the first quarter valued at $2,155,000. Finally, Radcliffe Capital Management L.P. grew its holdings in shares of Tavia Acquisition by 2.8% in the fourth quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock valued at $1,061,000 after purchasing an additional 2,801 shares in the last quarter.

About Tavia Acquisition

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.