TenX Keane Acquisition (NASDAQ:TENK) Short Interest Up 15,366.7% in July

TenX Keane Acquisition (NASDAQ:TENK) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 46,400 shares, a growth of 15,366.7% from the June 30th total of 300 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is presently 5.2 days. Currently, 1.1% of the company’s stock are short sold.

Hedge Funds Weigh In On TenX Keane Acquisition

A number of institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in TenX Keane Acquisition during the first quarter worth $316,000. Berkley W R Corp increased its holdings in TenX Keane Acquisition by 27.5% during the first quarter. Berkley W R Corp now owns 530,297 shares of the company’s stock worth $5,870,000 after buying an additional 114,402 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in TenX Keane Acquisition during the first quarter worth $1,827,000. Cable Car Capital LLC acquired a new position in TenX Keane Acquisition during the fourth quarter worth $1,368,000. Finally, Mizuho Securities USA LLC increased its holdings in TenX Keane Acquisition by 6.5% during the fourth quarter. Mizuho Securities USA LLC now owns 522,030 shares of the company’s stock worth $5,690,000 after buying an additional 32,048 shares during the last quarter. 70.52% of the stock is currently owned by institutional investors and hedge funds.

TenX Keane Acquisition Price Performance

Shares of NASDAQ TENK traded up $0.05 during midday trading on Thursday, reaching $11.53. The company’s stock had a trading volume of 54,878 shares, compared to its average volume of 37,854. TenX Keane Acquisition has a fifty-two week low of $10.64 and a fifty-two week high of $12.03. The stock has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.15.

About TenX Keane Acquisition

TenX Keane Acquisition does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on target businesses operating in Asia, excluding companies located or operating in mainland China, Hong Kong, or Macau.