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

Keen Vision Acquisition Co. (NASDAQ:KVAC) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 7,200 shares, a growth of 63.6% from the March 31st total of 4,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 75,800 shares, the days-to-cover ratio is currently 0.1 days.

Keen Vision Acquisition Stock Performance

Shares of NASDAQ:KVAC remained flat at $10.50 during trading on Friday. 271 shares of the stock traded hands, compared to its average volume of 13,680. Keen Vision Acquisition has a 52 week low of $10.14 and a 52 week high of $10.98. The stock has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $10.36.

Institutional Investors Weigh In On Keen Vision Acquisition

Several hedge funds have recently added to or reduced their stakes in the business. Dakota Wealth Management bought a new stake in shares of Keen Vision Acquisition in the 3rd quarter valued at about $276,000. Periscope Capital Inc. acquired a new position in shares of Keen Vision Acquisition in the 3rd quarter worth approximately $11,663,000. Westchester Capital Management LLC bought a new stake in shares of Keen Vision Acquisition in the 3rd quarter valued at $997,000. Cowen AND Company LLC bought a new position in Keen Vision Acquisition during the third quarter worth $9,086,000. Finally, Karpus Management Inc. acquired a new position in Keen Vision Acquisition in the third quarter valued at $3,997,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Keen Vision Acquisition Company Profile

Keen Vision Acquisition Corporation 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 intends to focus on businesses in the biotechnology, consumer goods, and agriculture sectors.