Nova Vision Acquisition Co. (NASDAQ:NOVV) Short Interest Update

Nova Vision Acquisition Co. (NASDAQ:NOVV) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,700 shares, an increase of 183.3% from the March 31st total of 600 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Nova Vision Acquisition Price Performance

NASDAQ NOVV traded up $0.03 during trading on Friday, hitting $11.85. The company’s stock had a trading volume of 10,123 shares, compared to its average volume of 8,104. Nova Vision Acquisition has a fifty-two week low of $10.70 and a fifty-two week high of $11.98. The company has a market cap of $39.34 million and a PE ratio of 295.57. The business’s 50 day simple moving average is $11.63 and its 200-day simple moving average is $11.51.

Nova Vision Acquisition (NASDAQ:NOVV) last announced its quarterly earnings data on Friday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Nova Vision Acquisition stock. Shaolin Capital Management LLC lifted its position in Nova Vision Acquisition Co. (NASDAQ:NOVV) by 211.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,561 shares of the company’s stock after acquiring an additional 317,521 shares during the period. Shaolin Capital Management LLC owned 4.69% of Nova Vision Acquisition worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 37.44% of the company’s stock.

Nova Vision Acquisition Company Profile

Nova Vision Acquisition Corporation does not have significant operations. The company intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It focuses on sourcing opportunities that are in the PropTech, FinTech, ConsumerTech, supply chain management industries, or technology companies that serve these or other sectors.