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

Keen Vision Acquisition Co. (NASDAQ:KVAC) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,000 shares, a drop of 44.4% from the October 31st total of 1,800 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 95,700 shares, the short-interest ratio is presently 0.0 days.

Keen Vision Acquisition Stock Performance

Keen Vision Acquisition stock remained flat at $10.87 during trading hours on Thursday. The company’s stock had a trading volume of 3 shares, compared to its average volume of 30,176. Keen Vision Acquisition has a fifty-two week low of $10.28 and a fifty-two week high of $10.91. The business’s 50 day moving average price is $10.81 and its 200-day moving average price is $10.69.

Institutional Investors Weigh In On Keen Vision Acquisition

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Keen Vision Acquisition during the 1st quarter valued at $465,000. Dakota Wealth Management lifted 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 valued at $469,000 after acquiring an additional 12,500 shares during the period. Quarry LP bought a new stake in Keen Vision Acquisition during the third quarter worth about $4,136,000. Wolverine Asset Management LLC increased its stake in shares of Keen Vision Acquisition by 196.1% during the second quarter. Wolverine Asset Management LLC now owns 659,549 shares of the company’s stock valued at $6,979,000 after purchasing an additional 436,792 shares in the last quarter. Finally, Berkley W R Corp lifted its holdings in shares of Keen Vision Acquisition by 97.4% during the second quarter. Berkley W R Corp now owns 952,209 shares of the company’s stock valued at $10,093,000 after purchasing an additional 469,903 shares during the last quarter. 51.72% of the stock is currently owned by 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.