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

Tavia Acquisition Corp. (NASDAQ:TAVI) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 132 shares, a drop of 83.8% from the July 15th total of 817 shares. Based on an average trading volume of 1,224 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. ABC Arbitrage SA purchased a new stake in shares of Tavia Acquisition during the 4th quarter worth $163,000. Radcliffe Capital Management L.P. acquired a new position in Tavia Acquisition during the second quarter worth about $224,000. Moore Capital Management LP purchased a new position in Tavia Acquisition in the second quarter valued at about $514,000. Mangrove Partners IM LLC increased its holdings in 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 buying an additional 2,511 shares in the last quarter. Finally, Sona Asset Management US LLC purchased a new stake in shares of Tavia Acquisition during the 1st quarter worth approximately $1,056,000.

Tavia Acquisition Price Performance

NASDAQ:TAVI traded up $0.06 during mid-day trading on Wednesday, reaching $10.75. The stock had a trading volume of 209 shares, compared to its average volume of 32,836. Tavia Acquisition has a twelve month low of $10.27 and a twelve month high of $11.91. The business has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $10.61.

Tavia Acquisition (NASDAQ:TAVI) last released its earnings results on Monday, March 16th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tavia Acquisition in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tavia Acquisition presently has a consensus rating of “Sell”.

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.