Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Sees Significant Increase in Short Interest

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 620 shares, an increase of 250.3% from the October 15th total of 177 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 38,128 shares, the short-interest ratio is currently 0.0 days.

Kochav Defense Acquisition Price Performance

KCHV traded up $0.01 during trading on Thursday, reaching $10.50. 2,823 shares of the stock were exchanged, compared to its average volume of 98,021. The stock’s 50 day moving average price is $10.49 and its two-hundred day moving average price is $10.37. Kochav Defense Acquisition has a twelve month low of $10.11 and a twelve month high of $10.56.

Kochav Defense Acquisition (NASDAQ:KCHV) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.06 EPS for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Kochav Defense Acquisition presently has an average rating of “Sell”.

Institutional Investors Weigh In On Kochav Defense Acquisition

Several hedge funds have recently added to or reduced their stakes in KCHV. Sona Asset Management US LLC acquired a new stake in shares of Kochav Defense Acquisition during the 1st quarter worth about $1,795,000. BlueCrest Capital Management Ltd bought a new position in Kochav Defense Acquisition during the 2nd quarter worth $940,000. Finally, Context Capital Management LLC bought a new position in Kochav Defense Acquisition during the 3rd quarter worth $3,666,000.

About Kochav Defense Acquisition

Kochav Defense Acquisition is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more businesses in the defense sector. Its potential transaction could involve a merger, acquisition, share exchange or similar combination. As a SPAC, Kochav Defense Acquisition does not currently operate a defense business or offer defense products or services of its own. Its activities center on identifying and completing a transaction with a target company.