Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Declines By 94.6%

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 5,284 shares, a drop of 94.6% from the May 14th total of 97,977 shares. Based on an average daily volume of 156,732 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TAVI. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in Tavia Acquisition during the fourth quarter worth $11,369,000. Goldman Sachs Group Inc. purchased a new stake in shares of Tavia Acquisition during the first quarter valued at $2,155,000. Sona Asset Management US LLC purchased a new stake in shares of Tavia Acquisition during the first quarter valued at $1,056,000. Radcliffe Capital Management L.P. boosted its stake in shares of Tavia Acquisition by 352.8% during the third quarter. Radcliffe Capital Management L.P. now owns 98,908 shares of the company’s stock valued at $1,024,000 after purchasing an additional 77,062 shares during the period. Finally, Rivernorth Capital Management LLC boosted its stake in shares of Tavia Acquisition by 33.3% during the fourth quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock valued at $2,738,000 after purchasing an additional 65,632 shares during the period.

Wall Street Analysts Forecast Growth

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

Tavia Acquisition Stock Up 0.3%

NASDAQ TAVI traded up $0.03 on Tuesday, hitting $10.65. 2,961 shares of the stock were exchanged, compared to its average volume of 96,779. The stock has a fifty day moving average price of $10.60 and a two-hundred day moving average price of $10.52. Tavia Acquisition has a 52-week low of $10.18 and a 52-week high of $11.35.

Tavia Acquisition (NASDAQ:TAVI) last posted its quarterly earnings data on Monday, March 16th. The company reported $0.06 EPS for the quarter.

About Tavia Acquisition

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.