Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Large Drop in Short Interest

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,118 shares, a drop of 59.9% from the May 31st total of 5,284 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,594 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Tavia Acquisition

A number of institutional investors have recently bought and sold shares of the business. Clear Street Group Inc. acquired a new stake in Tavia Acquisition during the 3rd quarter valued at approximately $25,000. ABC Arbitrage SA acquired a new position in Tavia Acquisition during the fourth quarter valued at $163,000. Radcliffe Capital Management L.P. purchased a new stake in Tavia Acquisition in the second quarter valued at $224,000. Moore Capital Management LP purchased a new stake in Tavia Acquisition in the second quarter valued at $514,000. Finally, Mangrove Partners IM LLC grew its position in Tavia Acquisition by 4.7% during the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock worth $583,000 after purchasing an additional 2,511 shares during the period.

Tavia Acquisition Stock Performance

TAVI traded up $0.03 on Tuesday, reaching $10.68. 5,824 shares of the stock were exchanged, compared to its average volume of 40,400. The company’s 50-day moving average price is $10.63 and its 200 day moving average price is $10.54. Tavia Acquisition has a fifty-two week low of $10.24 and a fifty-two week high of $11.91.

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tavia Acquisition in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tavia Acquisition presently has an average rating of “Sell”.

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.