Short Interest in Keen Vision Acquisition Corporation (NASDAQ:KVAC) Declines By 19.0%

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 111 shares, a decline of 19.0% from the March 31st total of 137 shares. Based on an average daily trading volume, of 96 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Keen Vision Acquisition in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Keen Vision Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the company. Crossingbridge Advisors LLC acquired a new position in Keen Vision Acquisition in the 3rd quarter valued at about $755,000. Berkley W R Corp grew its stake in Keen Vision Acquisition by 5.0% in the 4th quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock valued at $8,805,000 after buying an additional 35,357 shares during the last quarter. Clear Street Group Inc. acquired a new position in Keen Vision Acquisition in the 3rd quarter valued at about $380,000. Finally, Meteora Capital LLC acquired a new position in Keen Vision Acquisition in the 3rd quarter valued at about $120,000. 51.72% of the stock is owned by institutional investors.

Keen Vision Acquisition Stock Up 1.3%

Shares of KVAC stock traded up $0.16 on Friday, reaching $12.22. The stock had a trading volume of 200 shares, compared to its average volume of 76. The firm’s 50-day moving average is $12.03 and its two-hundred day moving average is $11.87. Keen Vision Acquisition has a 12 month low of $11.25 and a 12 month high of $12.20.

Keen Vision Acquisition (NASDAQ:KVAC) last issued its earnings results on Wednesday, March 25th. The company reported $0.45 earnings per share (EPS) for the quarter.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corp is a Delaware?incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.