Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Rises By 75.0%

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 231 shares, an increase of 75.0% from the July 30th total of 132 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,833 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ABC Arbitrage SA bought a new stake in Tavia Acquisition during the 4th quarter valued at $163,000. Radcliffe Capital Management L.P. bought a new position in Tavia Acquisition during the 2nd quarter valued at approximately $224,000. Moore Capital Management LP purchased a new stake in Tavia Acquisition during the 2nd quarter valued at about $514,000. Mangrove Partners IM LLC increased its holdings in shares of Tavia Acquisition by 4.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock worth $583,000 after purchasing an additional 2,511 shares in the last quarter. Finally, Sona Asset Management US LLC bought a new stake in shares of Tavia Acquisition in the first quarter worth approximately $1,056,000.

Tavia Acquisition Price Performance

Shares of Tavia Acquisition stock traded up $0.05 on Tuesday, reaching $10.75. 41 shares of the company’s stock were exchanged, compared to its average volume of 9,006. The firm’s 50-day moving average is $10.74 and its two-hundred day moving average is $10.64. Tavia Acquisition has a 52 week low of $10.28 and a 52 week high of $11.91.

Tavia Acquisition (NASDAQ:TAVI) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tavia Acquisition currently has a consensus rating of “Sell”.

Tavia Acquisition Company Profile

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.