Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Up 1,480.3% in July

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,734 shares, an increase of 1,480.3% from the July 15th total of 173 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 22,468 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Keen Vision Acquisition from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Meteora Capital LLC bought a new position in shares of Keen Vision Acquisition during the 3rd quarter valued at $120,000. Clear Street Group Inc. lifted its stake in Keen Vision Acquisition by 86.6% in the fourth quarter. Clear Street Group Inc. now owns 61,530 shares of the company’s stock worth $723,000 after purchasing an additional 28,553 shares during the last quarter. Crossingbridge Advisors LLC boosted its position in Keen Vision Acquisition by 8.9% during the fourth quarter. Crossingbridge Advisors LLC now owns 71,032 shares of the company’s stock valued at $835,000 after buying an additional 5,776 shares during the period. Finally, Berkley W R Corp boosted its position in Keen Vision Acquisition by 5.0% during the fourth 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 period. 51.72% of the stock is owned by hedge funds and other institutional investors.

Keen Vision Acquisition Price Performance

Shares of NASDAQ KVAC opened at $11.51 on Wednesday. The stock’s 50-day moving average is $12.21 and its 200 day moving average is $12.11. Keen Vision Acquisition has a 1-year low of $11.41 and a 1-year high of $18.72.

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.