Short Interest in Western Acquisition Ventures Corp. (NASDAQ:WAVS) Drops By 14.3%

Western Acquisition Ventures Corp. (NASDAQ:WAVS) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 2,400 shares, a decrease of 14.3% from the March 31st total of 2,800 shares. Based on an average daily volume of 700 shares, the short-interest ratio is presently 3.4 days. Currently, 0.8% of the company’s shares are sold short.

Western Acquisition Ventures Price Performance

Shares of NASDAQ WAVS opened at $10.83 on Wednesday. The firm’s 50-day moving average is $10.64 and its 200-day moving average is $10.76. Western Acquisition Ventures has a 1 year low of $10.24 and a 1 year high of $15.87.

Hedge Funds Weigh In On Western Acquisition Ventures

An institutional investor recently raised its position in Western Acquisition Ventures stock. Meteora Capital LLC raised its stake in shares of Western Acquisition Ventures Corp. (NASDAQ:WAVS) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,411 shares of the company’s stock after buying an additional 4,411 shares during the quarter. Meteora Capital LLC owned about 0.40% of Western Acquisition Ventures worth $159,000 at the end of the most recent reporting period. 6.55% of the stock is owned by institutional investors.

Western Acquisition Ventures Company Profile

Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries.