Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Up 80.0% in September

Key Points

• Keen Vision Acquisition Corporation's short interest surged by 80.0% in September, leading to a total of 900 shares shorted as of September 30th.
• Institutional investors currently own 51.72% of the company's stock, highlighting significant institutional interest with major stakes taken by Westchester Capital and Tabor Asset Management.
• Wall Street analysts maintain a "Hold" rating on Kirn Vision Acquisition's stock, reflecting a cautious outlook with one analyst reiterating this stance recently.

Keen Vision Acquisition Corporation (NASDAQ:KVAC - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 900 shares, a growth of 80.0% from the September 15th total of 500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Keen Vision Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Westchester Capital Management LLC bought a new stake in shares of Keen Vision Acquisition in the 1st quarter valued at about $787,000. Tabor Asset Management LP bought a new stake in Keen Vision Acquisition during the 1st quarter valued at $2,614,000. Finally, Berkley W R Corp boosted its position in Keen Vision Acquisition by 52.7% during the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock valued at $11,895,000 after buying an additional 361,071 shares during the period. 51.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Keen Vision Acquisition in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Keen Vision Acquisition Stock Down 0.1%

NASDAQ KVAC traded down $0.01 on Tuesday, reaching $11.57. 308 shares of the company's stock traded hands, compared to its average volume of 15,627. Keen Vision Acquisition has a 12 month low of $10.77 and a 12 month high of $12.00. The stock has a 50-day simple moving average of $11.59 and a 200 day simple moving average of $11.43.

About Keen Vision Acquisition

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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