Keen Vision Acquisition Co. (NASDAQ:KVAC) Sees Significant Growth in Short Interest

Keen Vision Acquisition Co. (NASDAQ:KVAC) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,400 shares, an increase of 2,300.0% from the February 28th total of 100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is currently 0.2 days.

Keen Vision Acquisition Trading Up 0.3 %

Shares of NASDAQ:KVAC opened at $11.24 on Friday. Keen Vision Acquisition has a 12-month low of $10.43 and a 12-month high of $11.24. The business’s fifty day simple moving average is $11.13 and its 200-day simple moving average is $10.95.

Hedge Funds Weigh In On Keen Vision Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank purchased a new position in shares of Keen Vision Acquisition in the 4th quarter worth approximately $304,000. Spartan Fund Management Inc. acquired a new stake in Keen Vision Acquisition in the fourth quarter valued at approximately $779,000. Yakira Capital Management Inc. purchased a new position in Keen Vision Acquisition in the fourth quarter worth $2,556,000. Finally, Quarry LP acquired a new position in shares of Keen Vision Acquisition during the third quarter worth $4,136,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

About Keen Vision Acquisition

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.