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

Keen Vision Acquisition Co. (NASDAQ:KVAC - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,400 shares, an increase of 2,300.0% from the February 28th total of 100 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 12,500 shares, the short-interest ratio is presently 0.2 days.

Keen Vision Acquisition Stock Performance

NASDAQ KVAC traded up $0.04 on Friday, reaching $11.24. The company had a trading volume of 4,440 shares, compared to its average volume of 70,567. The business has a 50 day moving average of $11.13 and a two-hundred day moving average of $10.96. Keen Vision Acquisition has a fifty-two week low of $10.43 and a fifty-two week high of $11.24.

Hedge Funds Weigh In On Keen Vision Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in Keen Vision Acquisition during the 3rd quarter worth about $4,136,000. Yakira Capital Management Inc. acquired a new stake in Keen Vision Acquisition in the fourth quarter valued at approximately $2,556,000. Spartan Fund Management Inc. bought a new stake in Keen Vision Acquisition during the 4th quarter valued at $779,000. Finally, Toronto Dominion Bank bought a new position in Keen Vision Acquisition in the 4th quarter valued at about $304,000. 51.72% of the stock is owned by institutional investors and hedge funds.

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.