Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Sees Large Drop in Short Interest

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 198 shares, a drop of 54.0% from the September 15th total of 430 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,339 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Kochav Defense Acquisition

A number of hedge funds have recently bought and sold shares of the company. BlueCrest Capital Management Ltd acquired a new position in Kochav Defense Acquisition in the 2nd quarter valued at approximately $940,000. Sona Asset Management US LLC acquired a new stake in Kochav Defense Acquisition in the first quarter valued at approximately $1,795,000. Finally, Radcliffe Capital Management L.P. raised its holdings in shares of Kochav Defense Acquisition by 7.8% during the 4th quarter. Radcliffe Capital Management L.P. now owns 566,200 shares of the company’s stock valued at $5,741,000 after purchasing an additional 41,200 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Kochav Defense Acquisition Trading Up 0.0%

Shares of NASDAQ KCHV traded up $0.01 during midday trading on Thursday, hitting $10.51. The company’s stock had a trading volume of 292,310 shares, compared to its average volume of 17,867. The firm’s fifty day moving average price is $10.45 and its 200-day moving average price is $10.38. Kochav Defense Acquisition has a 1-year low of $10.07 and a 1-year high of $10.50.

Kochav Defense Acquisition (NASDAQ:KCHV) last posted its earnings results on Thursday, August 13th. The company reported $0.06 EPS for the quarter.

About Kochav Defense Acquisition

Kochav Defense Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more companies. Rather than operating a traditional business, the company’s primary objective is to identify and merge with, acquire, or otherwise combine with an operating business.

Kochav Defense Acquisition has focused its search on opportunities in the defense, aerospace, homeland security and related technology sectors. Its prospective target companies may operate in areas such as defense systems, security technologies, advanced aerospace capabilities and other businesses serving government or military customers.

Until it completes a business combination, Kochav Defense Acquisition does not have an established portfolio of products or services and generally operates as a publicly traded acquisition vehicle.