Harvard Ave Acquistion Corp (NASDAQ:HAVA) Short Interest Update

Key Points

• Short interest fell 57% to 58 shares as of September 15, from 135 shares on August 31; short interest represented 0.0% of shares outstanding, with a 0.0-day days-to-cover ratio.
• Several institutional investors—including Whitebox Advisors, Polar Asset Management, Aristeia Capital, Radcliffe Capital, and Sona Asset Management—reported new positions in Harvard Ave Acquisition.
• HAVA shares rose to $10.23, near their 52-week high, while the company reported quarterly EPS of $0.05. The sole analyst rating remains Sell, despite Weiss Ratings upgrading its assessment from “sell (e+)” to “sell (d-).”

Harvard Ave Acquistion Corp (NASDAQ:HAVA - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 58 shares, a decline of 57.0% from the August 31st total of 135 shares. Based on an average daily trading volume, of 25,270 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Whitebox Advisors LLC bought a new stake in shares of Harvard Ave Acquistion during the 1st quarter worth about $7,508,000. Polar Asset Management Partners Inc. bought a new position in shares of Harvard Ave Acquistion during the 1st quarter worth approximately $7,506,000. Aristeia Capital L.L.C. purchased a new stake in shares of Harvard Ave Acquistion during the 4th quarter valued at $5,462,000. Radcliffe Capital Management L.P. bought a new stake in Harvard Ave Acquistion during the fourth quarter valued at $5,462,000. Finally, Sona Asset Management US LLC bought a new position in shares of Harvard Ave Acquistion in the first quarter worth approximately $4,106,000.

Harvard Ave Acquistion Price Performance

Shares of NASDAQ HAVA traded up $0.01 during midday trading on Monday, hitting $10.23. 20,006 shares of the stock traded hands, compared to its average volume of 70,254. Harvard Ave Acquistion has a one year low of $9.87 and a one year high of $10.23. The firm has a 50-day moving average of $10.19 and a two-hundred day moving average of $10.11.

Harvard Ave Acquistion (NASDAQ:HAVA - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Harvard Ave Acquistion from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Harvard Ave Acquistion has an average rating of "Sell".

Harvard Ave Acquistion Company Profile

Harvard Ave Acquisition Corp. NASDAQ: HAVA is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies.

As a SPAC, the company does not operate a conventional business or offer products and services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a merger, acquisition, or similar transaction that would allow a private company to become publicly traded.

Publicly available information about Harvard Ave Acquisition Corp.'s target industry, geographic focus, completed transactions, and leadership is limited.

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