Harvard Ave Acquistion Corp (NASDAQ:HAVA) Stock Short Interest Declines 57.0%

Harvard Ave Acquistion Corp (NASDAQ:HAVA) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 58 shares, a decline of 57.0% from the August 31st total of 135 shares. Based on an average daily trading volume, of 25,270 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Harvard Ave Acquistion Stock Performance

NASDAQ:HAVA remained flat at $10.24 during trading hours on Tuesday. 3,598 shares of the company’s stock were exchanged, compared to its average volume of 52,178. Harvard Ave Acquistion has a fifty-two week low of $9.87 and a fifty-two week high of $10.24. The company’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $10.11.

Harvard Ave Acquistion (NASDAQ:HAVA) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.05 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Whitebox Advisors LLC purchased a new position in Harvard Ave Acquistion in the first quarter worth about $7,508,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Harvard Ave Acquistion during the 1st quarter valued at about $7,506,000. Sona Asset Management US LLC bought a new position in shares of Harvard Ave Acquistion in the 1st quarter worth approximately $4,106,000. Lineage Point Capital LP bought a new position in shares of Harvard Ave Acquistion in the 4th quarter worth approximately $2,433,000. Finally, Aristeia Capital L.L.C. bought a new position in shares of Harvard Ave Acquistion in the 4th quarter worth approximately $5,462,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Harvard Ave Acquistion from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Harvard Ave Acquistion

Harvard Ave Acquisition Corp. (NASDAQ:HAVA) is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies.

As a SPAC, the company does not operate a conventional business or offer products and services of its own. Its activities primarily involve evaluating potential acquisition targets and pursuing a merger, acquisition, or similar transaction that would allow a private company to become publicly traded.

Publicly available information about Harvard Ave Acquisition Corp.’s target industry, geographic focus, completed transactions, and leadership is limited.