Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Update

Key Points

• Keen Vision Acquisition Corporation (NASDAQ:KVAC) experienced a notable increase in short interest, rising by 20.0% in August, totaling 600 shares as of August 31st.
• The company's stock price recently traded at $11.59, with a twelve-month high of $11.62 and low of $10.72.
• Institutional investors hold approximately 51.72% of Keen Vision Acquisition's stock, with significant new stakes acquired by various funds, including Toronto Dominion Bank and Berkley W R Corp.

Keen Vision Acquisition Corporation (NASDAQ:KVAC - Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 600 shares, a growth of 20.0% from the August 15th total of 500 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KVAC. Toronto Dominion Bank purchased a new stake in Keen Vision Acquisition in the fourth quarter valued at $304,000. Westchester Capital Management LLC acquired a new stake in shares of Keen Vision Acquisition during the 1st quarter worth about $787,000. Tabor Asset Management LP purchased a new stake in Keen Vision Acquisition in the 1st quarter valued at about $2,614,000. Finally, Berkley W R Corp increased its position in shares of Keen Vision Acquisition by 52.7% during the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company's stock valued at $11,895,000 after acquiring an additional 361,071 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

Keen Vision Acquisition Stock Performance

Keen Vision Acquisition stock traded up $0.05 during trading on Monday, reaching $11.64. 1,200 shares of the company were exchanged, compared to its average volume of 5,097. The stock's 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $11.38. Keen Vision Acquisition has a 52-week low of $10.72 and a 52-week high of $11.85.

Keen Vision Acquisition Company 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.