Harvard Ave Acquistion Corp (NASDAQ:HAVA) Sees Significant Decline in Short Interest

Harvard Ave Acquistion Corp (NASDAQ:HAVA) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 133 shares, a drop of 96.0% from the July 15th total of 3,303 shares. Based on an average daily volume of 15,338 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Harvard Ave Acquistion from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Harvard Ave Acquistion Stock Performance

Harvard Ave Acquistion stock traded up $0.02 during trading on Tuesday, reaching $10.17. The company had a trading volume of 2,211 shares, compared to its average volume of 9,317. Harvard Ave Acquistion has a 12-month low of $9.87 and a 12-month high of $10.17. The business’s 50 day moving average price is $10.12.

Harvard Ave Acquistion (NASDAQ:HAVA) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.05 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Whitebox Advisors LLC acquired a new stake in Harvard Ave Acquistion during the first quarter worth about $7,508,000. Hudson Bay Capital Management LP acquired a new position in shares of Harvard Ave Acquistion in the 4th quarter valued at about $7,462,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Harvard Ave Acquistion during the 1st quarter worth about $7,506,000. Aristeia Capital L.L.C. purchased a new stake in shares of Harvard Ave Acquistion during the 4th quarter worth about $5,462,000. Finally, Radcliffe Capital Management L.P. acquired a new stake in Harvard Ave Acquistion during the 4th quarter worth approximately $5,462,000.

About Harvard Ave Acquistion

Harvard Ave Acquisition (NASDAQ: HAVA) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering for the purpose of effecting a merger, capital stock exchange, asset acquisition, reorganization or similar business combination. As with other blank-check companies, its primary corporate purpose prior to completing a business combination is to identify and negotiate a qualifying transaction that will result in an operating public company.

The company’s principal activities consist of sourcing potential targets, conducting due diligence, negotiating transaction terms, and, if approved by shareholders, completing a business combination.