Keen Vision Acquisition Co. (NASDAQ:KVAC) Sees Significant Increase in Short Interest

Keen Vision Acquisition Co. (NASDAQ:KVAC) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 2,500 shares, an increase of 92.3% from the December 31st total of 1,300 shares. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Keen Vision Acquisition Price Performance

Shares of KVAC stock traded up $0.01 during mid-day trading on Wednesday, hitting $11.09. The stock had a trading volume of 3,507 shares, compared to its average volume of 29,254. Keen Vision Acquisition has a 12-month low of $10.37 and a 12-month high of $11.10. The firm’s 50-day moving average is $10.96 and its two-hundred day moving average is $10.81.

Institutional Trading of Keen Vision Acquisition

Hedge funds have recently modified their holdings of the company. Dakota Wealth Management grew its position in Keen Vision Acquisition by 40.2% during the 3rd quarter. Dakota Wealth Management now owns 43,600 shares of the company’s stock worth $469,000 after purchasing an additional 12,500 shares during the period. Wolverine Asset Management LLC lifted its position in shares of Keen Vision Acquisition by 34.2% during the third quarter. Wolverine Asset Management LLC now owns 885,388 shares of the company’s stock worth $9,527,000 after purchasing an additional 225,839 shares in the last quarter. Quarry LP purchased a new position in Keen Vision Acquisition in the third quarter valued at $4,136,000. Finally, Mizuho Securities USA LLC grew its holdings in Keen Vision Acquisition by 2,258.7% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,353,000 shares of the company’s stock worth $14,491,000 after acquiring an additional 1,295,637 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

About Keen Vision Acquisition

Keen Vision Acquisition Corporation does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, and related business combination with one or more businesses or entities. It also intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.