Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Decreases By 52.9%

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 997 shares, a drop of 52.9% from the June 15th total of 2,118 shares. Based on an average trading volume of 2,849 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Tavia Acquisition

Several institutional investors and hedge funds have recently modified their holdings of the business. Clear Street Group Inc. acquired a new stake in Tavia Acquisition in the third quarter valued at about $25,000. ABC Arbitrage SA acquired a new position in Tavia Acquisition during the fourth quarter worth about $163,000. Radcliffe Capital Management L.P. bought a new position in shares of Tavia Acquisition in the second quarter worth about $224,000. Moore Capital Management LP acquired a new stake in shares of Tavia Acquisition in the 2nd quarter valued at approximately $514,000. Finally, Mangrove Partners IM LLC boosted its stake 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 purchasing an additional 2,511 shares in the last quarter.

Tavia Acquisition Stock Performance

Shares of NASDAQ TAVI traded up $0.07 during trading hours on Tuesday, hitting $10.72. 418 shares of the stock were exchanged, compared to its average volume of 1,859. The company’s fifty day simple moving average is $10.65 and its two-hundred day simple moving average is $10.56. Tavia Acquisition has a 1-year low of $10.24 and a 1-year high of $11.91.

Tavia Acquisition (NASDAQ:TAVI) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.06 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tavia Acquisition 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.