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

Keen Vision Acquisition Co. (NASDAQ:KVAC) was the target of a significant increase in short interest in 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. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 12,500 shares, the short-interest ratio is presently 0.2 days.

Keen Vision Acquisition Stock Down 0.1 %

Shares of NASDAQ:KVAC traded down $0.01 during mid-day trading on Wednesday, hitting $11.19. The stock had a trading volume of 22 shares, compared to its average volume of 70,187. The company’s 50 day moving average is $11.13 and its 200-day moving average is $10.95. Keen Vision Acquisition has a 12-month low of $10.43 and a 12-month high of $11.20.

Institutional Trading of Keen Vision Acquisition

Several large investors have recently added to or reduced their stakes in KVAC. Quarry LP purchased a new position in shares of Keen Vision Acquisition during the third quarter valued at $4,136,000. Yakira Capital Management Inc. acquired a new stake in Keen Vision Acquisition during the 4th quarter worth about $2,556,000. Spartan Fund Management Inc. purchased a new position in Keen Vision Acquisition during the 4th quarter valued at about $779,000. Finally, Toronto Dominion Bank acquired a new position in shares of 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.