Tavia Acquisition Corp. (NASDAQ:TAVI) Short Interest Down 83.8% in July

Tavia Acquisition Corp. (NASDAQ:TAVI) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 132 shares, a decrease of 83.8% from the July 15th total of 817 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,224 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Tavia Acquisition

Several large investors have recently bought and sold shares of the stock. Sona Asset Management US LLC bought a new position in shares of Tavia Acquisition during the 1st quarter worth about $1,056,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new position in shares of Tavia Acquisition during the 4th quarter worth about $11,369,000. Rivernorth Capital Management LLC increased its stake in shares of Tavia Acquisition by 33.3% in the 4th quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock valued at $2,738,000 after acquiring an additional 65,632 shares during the last quarter. Berkley W R Corp increased its stake in shares of Tavia Acquisition by 0.8% in the 4th quarter. Berkley W R Corp now owns 212,881 shares of the company’s stock valued at $2,220,000 after acquiring an additional 1,763 shares during the last quarter. Finally, Mangrove Partners IM LLC raised its position in shares of Tavia Acquisition by 4.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock valued at $583,000 after acquiring an additional 2,511 shares during the period.

Tavia Acquisition Price Performance

Shares of NASDAQ TAVI traded up $0.02 during trading hours on Thursday, hitting $10.71. 12,825 shares of the company’s stock were exchanged, compared to its average volume of 1,622. The company’s 50-day moving average price is $10.73 and its 200-day moving average price is $10.62. Tavia Acquisition has a 1-year low of $10.27 and a 1-year high of $11.91.

Tavia Acquisition (NASDAQ:TAVI) last released its earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a research note on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Tavia Acquisition

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.