Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Significant Increase in Short Interest

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 97,977 shares, a growth of 474.3% from the April 30th total of 17,059 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 79,426 shares, the short-interest ratio is presently 1.2 days.

Institutional Trading of Tavia Acquisition

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sona Asset Management US LLC purchased a new stake in shares of Tavia Acquisition during the first quarter valued at approximately $1,056,000. Berkley W R Corp boosted its stake in Tavia Acquisition by 1.9% during the first quarter. Berkley W R Corp now owns 216,861 shares of the company’s stock valued at $2,290,000 after buying an additional 3,980 shares during the period. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Tavia Acquisition during the fourth quarter valued at $11,369,000. Rivernorth Capital Management LLC boosted its stake in 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 buying an additional 65,632 shares during the period. Finally, Radcliffe Capital Management L.P. raised its position in Tavia Acquisition by 2.8% during the fourth quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock valued at $1,061,000 after purchasing an additional 2,801 shares in the last quarter.

Tavia Acquisition Price Performance

TAVI traded down $0.04 on Friday, reaching $10.60. The stock had a trading volume of 1,720 shares, compared to its average volume of 54,789. Tavia Acquisition has a fifty-two week low of $10.15 and a fifty-two week high of $11.24. The firm has a 50-day moving average of $10.59 and a 200-day moving average of $10.50.

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

Analyst Upgrades and Downgrades

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

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.