Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Sees Large Growth in Short Interest

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,107 shares, a growth of 173.3% from the June 15th total of 405 shares. Based on an average daily volume of 27,718 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kochav Defense Acquisition in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Kochav Defense Acquisition

Institutional investors and hedge funds have recently bought and sold shares of the company. Sona Asset Management US LLC bought a new position in Kochav Defense Acquisition during the 1st quarter worth approximately $1,795,000. Virtu Financial LLC bought a new stake in shares of Kochav Defense Acquisition in the 4th quarter valued at approximately $143,000. Stoic Point Capital Management LLC acquired a new stake in shares of Kochav Defense Acquisition during the 4th quarter valued at approximately $682,000. Millennium Management LLC raised its position in shares of Kochav Defense Acquisition by 84.1% during the 4th quarter. Millennium Management LLC now owns 405,000 shares of the company’s stock valued at $4,107,000 after acquiring an additional 185,000 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Kochav Defense Acquisition by 8.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 269,980 shares of the company’s stock worth $2,738,000 after purchasing an additional 19,980 shares during the last quarter.

Kochav Defense Acquisition Price Performance

KCHV opened at $10.36 on Tuesday. The business has a 50-day moving average of $10.35. Kochav Defense Acquisition has a 1-year low of $9.93 and a 1-year high of $10.39.

Kochav Defense Acquisition (NASDAQ:KCHV) last issued its quarterly earnings results on Monday, March 30th. The company reported $0.11 EPS for the quarter.

About Kochav Defense Acquisition

We are a newly organized blank check company originally formed as Cayman Islands exempted company on January 7, 2025 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.