JVSPAC Acquisition Corp. (NASDAQ:JVSA) Sees Large Growth in Short Interest

JVSPAC Acquisition Corp. (NASDAQ:JVSA) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,700 shares, an increase of 28.6% from the December 15th total of 2,100 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On JVSPAC Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the business. Berkley W R Corp bought a new stake in shares of JVSPAC Acquisition during the 2nd quarter worth $1,715,000. Shaolin Capital Management LLC lifted its holdings in shares of JVSPAC Acquisition by 150.0% during the second quarter. Shaolin Capital Management LLC now owns 250,000 shares of the company’s stock valued at $2,540,000 after purchasing an additional 150,000 shares during the last quarter. Rivernorth Capital Management LLC increased its stake in JVSPAC Acquisition by 20.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 246,818 shares of the company’s stock worth $2,552,000 after purchasing an additional 41,318 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in JVSPAC Acquisition by 70.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 392,339 shares of the company’s stock worth $4,057,000 after buying an additional 161,643 shares during the period. Finally, Mizuho Securities USA LLC lifted its stake in JVSPAC Acquisition by 17.6% during the third quarter. Mizuho Securities USA LLC now owns 497,430 shares of the company’s stock valued at $5,114,000 after buying an additional 74,368 shares in the last quarter.

JVSPAC Acquisition Stock Performance

JVSA stock remained flat at $10.52 during trading hours on Friday. The company has a 50 day moving average of $10.42 and a 200-day moving average of $10.32. JVSPAC Acquisition has a 1 year low of $10.02 and a 1 year high of $10.52.

About JVSPAC Acquisition

JVSPAC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Wan Chai, Hong Kong.