Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Declines By 53.7%

Key Points

• Short interest in Tavia Acquisition fell 53.7% to 107 shares as of August 31, down from 231 shares two weeks earlier. Shorted shares represented 0.0% of the company’s stock, with a days-to-cover ratio of 0.0.
• Analyst sentiment remains negative: Weiss Ratings upgraded the stock from “sell (d)” to “sell (d+),” while the sole covering analyst maintains a Sell rating.
• TAVI opened at $10.77, near its 50-day average of $10.76, while the company reported a quarterly loss of $0.03 per share. Several institutional investors, including Goldman Sachs and Moore Capital, recently initiated or increased positions.

Tavia Acquisition Corp. (NASDAQ:TAVI - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 107 shares, a decline of 53.7% from the August 15th total of 231 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 13,711 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Tavia Acquisition from a "sell (d)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TAVI. Goldman Sachs Group Inc. purchased a new stake in Tavia Acquisition in the first quarter valued at approximately $2,155,000. Moore Capital Management LP purchased a new position in shares of Tavia Acquisition during the second quarter worth approximately $514,000. Radcliffe Capital Management L.P. acquired a new position in shares of Tavia Acquisition in the 2nd quarter valued at $224,000. Mangrove Partners IM LLC increased its holdings in shares of Tavia Acquisition by 4.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company's stock valued at $583,000 after acquiring an additional 2,511 shares during the period. Finally, Berkley W R Corp raised its position in Tavia Acquisition by 0.8% in the 4th quarter. Berkley W R Corp now owns 212,881 shares of the company's stock valued at $2,220,000 after purchasing an additional 1,763 shares during the last quarter.

Tavia Acquisition Price Performance

Shares of TAVI opened at $10.77 on Monday. Tavia Acquisition has a 1-year low of $10.30 and a 1-year high of $11.91. The firm has a fifty day moving average price of $10.76 and a 200 day moving average price of $10.65.

Tavia Acquisition (NASDAQ:TAVI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter.

About Tavia Acquisition

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.

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