Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Update

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,430 shares, an increase of 48.8% from the November 30th total of 961 shares. Based on an average daily volume of 1,275 shares, the short-interest ratio is currently 1.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,275 shares, the short-interest ratio is currently 1.1 days.

Keen Vision Acquisition Trading Down 27.3%

NASDAQ KVAC traded down $3.22 during trading hours on Monday, hitting $8.58. 3 shares of the company’s stock were exchanged, compared to its average volume of 724. Keen Vision Acquisition has a 1-year low of $10.92 and a 1-year high of $12.00. The stock has a 50-day simple moving average of $11.71 and a 200 day simple moving average of $11.59.

Keen Vision Acquisition (NASDAQ:KVAC) last issued its earnings results on Wednesday, November 12th. The company reported $0.09 EPS for the quarter.

Hedge Funds Weigh In On Keen Vision Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. Meteora Capital LLC purchased a new position in Keen Vision Acquisition during the 3rd quarter valued at about $120,000. Clear Street Group Inc. bought a new position in shares of Keen Vision Acquisition in the third quarter valued at approximately $380,000. Crossingbridge Advisors LLC purchased a new position in Keen Vision Acquisition during the third quarter valued at approximately $755,000. Finally, Berkley W R Corp increased its holdings in Keen Vision Acquisition by 52.7% during the 2nd quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock worth $11,895,000 after acquiring an additional 361,071 shares during the period. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Keen Vision Acquisition in a report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Keen Vision Acquisition presently has an average rating of “Hold”.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.