Keen Vision Acquisition Co. (NASDAQ:KVAC - Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,300 shares, a growth of 283.3% from the May 15th total of 600 shares. Based on an average trading volume of 11,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.
Keen Vision Acquisition Stock Performance
KVAC traded up $0.04 during midday trading on Friday, hitting $11.30. 6,742 shares of the company traded hands, compared to its average volume of 58,086. The business has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $11.15. Keen Vision Acquisition has a 52-week low of $10.56 and a 52-week high of $11.35.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new stake in Keen Vision Acquisition during the 4th quarter worth approximately $304,000. Spartan Fund Management Inc. acquired a new stake in shares of Keen Vision Acquisition in the fourth quarter worth approximately $779,000. Westchester Capital Management LLC purchased a new stake in shares of Keen Vision Acquisition during the first quarter worth approximately $787,000. Yakira Capital Management Inc. purchased a new stake in shares of Keen Vision Acquisition during the fourth quarter worth approximately $2,556,000. Finally, Tabor Asset Management LP purchased a new position in Keen Vision Acquisition in the 1st quarter valued at $2,614,000. Institutional investors and hedge funds own 51.72% of the company's stock.
About Keen Vision Acquisition
(
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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.
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