Tavia Acquisition Corp. (NASDAQ:TAVI) Sees Large Decline in Short Interest

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 50 shares, a decrease of 53.3% from the August 31st total of 107 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 551 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Tavia Acquisition from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tavia Acquisition has an average rating of “Sell”.

Institutional Trading of Tavia Acquisition

Several hedge funds have recently modified their holdings of the stock. Sona Asset Management US LLC purchased a new stake in Tavia Acquisition during the 1st quarter worth about $1,056,000. Berkley W R Corp boosted its stake in shares of Tavia Acquisition by 1.9% in the 1st quarter. Berkley W R Corp now owns 216,861 shares of the company’s stock valued at $2,290,000 after buying an additional 3,980 shares during the period. Finally, Radcliffe Capital Management L.P. boosted its stake in shares of Tavia Acquisition by 2.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock valued at $1,061,000 after buying an additional 2,801 shares during the period.

Tavia Acquisition Trading Down 0.0%

Shares of NASDAQ TAVI traded down $0.01 during midday trading on Tuesday, hitting $10.77. The company’s stock had a trading volume of 1,947 shares, compared to its average volume of 669. The business’s fifty day simple moving average is $10.73 and its two-hundred day simple moving average is $10.67. Tavia Acquisition has a 1 year low of $10.32 and a 1 year high of $11.91.

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

About Tavia Acquisition

Tavia Acquisition Corporation is a blank-check company, also known as a special purpose acquisition company (SPAC). The company was formed to identify and complete a business combination with one or more operating businesses, which may include a merger, share exchange, acquisition of assets, reorganization or similar transaction.

Unlike an operating company, Tavia Acquisition does not have an established portfolio of products or services. Its activities are primarily focused on evaluating potential acquisition targets, conducting due diligence and negotiating a transaction intended to create a publicly traded business.

Tavia Acquisition is incorporated in the Cayman Islands and its ordinary shares trade on the Nasdaq Capital Market under the symbol TAVI.