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

Keen Vision Acquisition Co. (NASDAQ:KVAC) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 14,100 shares, a growth of 28.2% from the July 31st total of 11,000 shares. Based on an average daily volume of 81,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Keen Vision Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Keen Vision Acquisition during the first quarter valued at approximately $465,000. Wealthspring Capital LLC increased its stake in shares of Keen Vision Acquisition by 245.2% in the 1st quarter. Wealthspring Capital LLC now owns 64,360 shares of the company’s stock worth $673,000 after purchasing an additional 45,716 shares in the last quarter. ATW Spac Management LLC raised its holdings in Keen Vision Acquisition by 27.1% in the 4th quarter. ATW Spac Management LLC now owns 233,187 shares of the company’s stock worth $2,410,000 after purchasing an additional 49,697 shares during the period. Bulldog Investors LLP lifted its position in Keen Vision Acquisition by 209.6% during the fourth quarter. Bulldog Investors LLP now owns 157,206 shares of the company’s stock valued at $1,624,000 after purchasing an additional 106,432 shares in the last quarter. Finally, Mizuho Securities USA LLC purchased a new position in Keen Vision Acquisition during the first quarter valued at approximately $1,563,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Keen Vision Acquisition Stock Performance

KVAC remained flat at $10.68 during midday trading on Friday. The firm’s fifty day moving average is $10.64 and its 200 day moving average is $10.54. Keen Vision Acquisition has a 52-week low of $10.14 and a 52-week high of $10.98.

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.