Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Significant Growth in Short Interest

Key Points

• Short interest increased 75% in August to 231 shares from 132 shares, though only about 0.0% of Tavia Acquisition’s shares are sold short and the short-interest ratio is 0.1 days.
• TAVI opened at $10.70, near its 50-day and 200-day moving averages, and reported quarterly EPS of -$0.03.
• Analyst sentiment remains negative: Weiss Ratings upgraded the stock only from “sell (d)” to “sell (d+),” while the consensus rating remains Sell; several institutional investors nevertheless recently established or increased positions.

Tavia Acquisition Corp. (NASDAQ:TAVI - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 231 shares, a growth of 75.0% from the July 30th total of 132 shares. Based on an average daily trading volume, of 2,833 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Tavia Acquisition Stock Performance

Tavia Acquisition stock opened at $10.70 on Monday. The stock's 50 day moving average price is $10.74 and its 200 day moving average price is $10.64. Tavia Acquisition has a 1-year low of $10.28 and a 1-year high of $11.91.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised Tavia Acquisition from a "sell (d)" rating to a "sell (d+)" rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell".

Institutional Trading of Tavia Acquisition

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of Tavia Acquisition during the 1st quarter worth $2,155,000. Moore Capital Management LP purchased a new position in Tavia Acquisition during the 2nd quarter valued at about $514,000. Radcliffe Capital Management L.P. acquired a new position in Tavia Acquisition during the second quarter worth about $224,000. Mangrove Partners IM LLC lifted its holdings in shares of Tavia Acquisition by 4.7% in the third quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company's stock valued at $583,000 after purchasing an additional 2,511 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in shares of Tavia Acquisition in the fourth quarter valued at approximately $163,000.

Tavia Acquisition Company Profile

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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