Tavia Acquisition Corp. (NASDAQ:TAVI) Short Interest Down 59.9% in June

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

Institutional Investors Weigh In On Tavia Acquisition

Large investors have recently added to or reduced their stakes in the business. Berkley W R Corp increased its holdings in Tavia Acquisition by 0.8% in the fourth quarter. Berkley W R Corp now owns 212,881 shares of the company’s stock worth $2,220,000 after purchasing an additional 1,763 shares in the last quarter. Clear Street Group Inc. bought a new position in shares of Tavia Acquisition during the 3rd quarter worth approximately $25,000. Mangrove Partners IM LLC grew its position in shares of 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 buying an additional 2,511 shares during the period. Radcliffe Capital Management L.P. grew its position in shares of Tavia Acquisition by 2.8% during the 4th quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock worth $1,061,000 after buying an additional 2,801 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Tavia Acquisition in the 4th quarter valued at $163,000.

Tavia Acquisition Trading Up 0.1%

Shares of NASDAQ:TAVI traded up $0.01 during trading on Monday, reaching $10.68. The stock had a trading volume of 2,676 shares, compared to its average volume of 40,786. Tavia Acquisition has a 52 week low of $10.24 and a 52 week high of $11.91. The firm’s fifty day moving average is $10.62 and its 200 day moving average is $10.54.

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

Analyst Ratings Changes

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

Tavia Acquisition Company Profile

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.