Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Down 37.3% in January

Keen Vision Acquisition Corporation (NASDAQ:KVAC) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 812 shares, a decrease of 37.3% from the December 31st total of 1,295 shares. Based on an average daily volume of 96,351 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 96,351 shares, the days-to-cover ratio is presently 0.0 days.

Keen Vision Acquisition Stock Down 0.3%

NASDAQ:KVAC opened at $11.92 on Friday. Keen Vision Acquisition has a twelve month low of $11.09 and a twelve month high of $12.20. The business has a 50 day moving average price of $11.81 and a two-hundred day moving average price of $11.67.

Keen Vision Acquisition (NASDAQ:KVAC) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.09 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Keen Vision Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp boosted its stake in shares of 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 buying an additional 361,071 shares during the last quarter. Meteora Capital LLC bought a new stake in Keen Vision Acquisition during the third quarter worth about $120,000. Clear Street Group Inc. acquired a new position in Keen Vision Acquisition during the third quarter valued at approximately $380,000. Finally, Crossingbridge Advisors LLC bought a new position in Keen Vision Acquisition in the third quarter valued at approximately $755,000. 51.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently 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.