Keen Vision Acquisition Corporation (NASDAQ:KVAC) Short Interest Update

Keen Vision Acquisition Corporation (NASDAQ:KVAC) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,088 shares, an increase of 134.5% from the January 29th total of 464 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,769 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 1,769 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Keen Vision Acquisition Stock Up 0.4%

Shares of NASDAQ:KVAC traded up $0.05 during trading on Friday, reaching $11.90. The company’s stock had a trading volume of 1,100 shares, compared to its average volume of 1,544. Keen Vision Acquisition has a 12 month low of $11.13 and a 12 month high of $12.20. The firm’s 50 day simple moving average is $11.87 and its two-hundred day simple moving average is $11.72.

Institutional Trading of Keen Vision Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of KVAC. Meteora Capital LLC bought a new position in Keen Vision Acquisition during the 3rd quarter valued at about $120,000. Clear Street Group Inc. bought a new position in shares of Keen Vision Acquisition during the third quarter valued at approximately $380,000. Crossingbridge Advisors LLC purchased a new stake in shares of Keen Vision Acquisition in the third quarter worth approximately $755,000. Finally, Berkley W R Corp lifted its stake in shares of Keen Vision Acquisition by 5.0% during the 4th quarter. Berkley W R Corp now owns 749,372 shares of the company’s stock worth $8,805,000 after acquiring an additional 35,357 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

About Keen Vision Acquisition

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.