Polar Asset Management Partners Inc. Decreases Stake in Keen Vision Acquisition Co. (NASDAQ:KVAC)

Polar Asset Management Partners Inc. lessened its position in shares of Keen Vision Acquisition Co. (NASDAQ:KVAC - Free Report) by 60.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 150,000 shares of the company's stock after selling 228,773 shares during the quarter. Polar Asset Management Partners Inc. owned approximately 0.77% of Keen Vision Acquisition worth $1,647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KVAC. Yakira Capital Management Inc. acquired a new stake in Keen Vision Acquisition during the fourth quarter valued at $2,556,000. Spartan Fund Management Inc. purchased a new position in Keen Vision Acquisition during the fourth quarter valued at $779,000. Finally, Toronto Dominion Bank purchased a new position in Keen Vision Acquisition during the fourth quarter valued at $304,000. Institutional investors and hedge funds own 51.72% of the company's stock.

Keen Vision Acquisition Price Performance

KVAC remained flat at $11.33 during midday trading on Friday. 3,427 shares of the company's stock traded hands, compared to its average volume of 65,698. Keen Vision Acquisition Co. has a fifty-two week low of $10.56 and a fifty-two week high of $11.35. The stock's 50-day moving average price is $11.27 and its 200 day moving average price is $11.12.

Keen Vision Acquisition Profile

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.