JVSPAC Acquisition Corp. (NASDAQ:JVSA) Short Interest Up 28.6% in December

JVSPAC Acquisition Corp. (NASDAQ:JVSA) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 2,700 shares, a growth of 28.6% from the December 15th total of 2,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is currently 0.3 days.

JVSPAC Acquisition Price Performance

NASDAQ JVSA remained flat at $10.52 during trading on Friday. The stock’s fifty day simple moving average is $10.42 and its two-hundred day simple moving average is $10.32. JVSPAC Acquisition has a twelve month low of $10.02 and a twelve month high of $10.52.

Institutional Investors Weigh In On JVSPAC Acquisition

Hedge funds have recently modified their holdings of the stock. Berkley W R Corp purchased a new position in JVSPAC Acquisition during the second quarter worth about $1,715,000. Shaolin Capital Management LLC increased its holdings in shares of JVSPAC Acquisition by 150.0% in the 2nd quarter. Shaolin Capital Management LLC now owns 250,000 shares of the company’s stock valued at $2,540,000 after purchasing an additional 150,000 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in shares of JVSPAC Acquisition by 70.1% in the third quarter. Wolverine Asset Management LLC now owns 392,339 shares of the company’s stock valued at $4,057,000 after purchasing an additional 161,643 shares during the period. Mizuho Securities USA LLC grew its position in JVSPAC Acquisition by 219.8% during the third quarter. Mizuho Securities USA LLC now owns 1,353,000 shares of the company’s stock worth $14,491,000 after buying an additional 929,938 shares during the period. Finally, Rivernorth Capital Management LLC lifted its position in shares of JVSPAC Acquisition by 20.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 246,818 shares of the company’s stock valued at $2,552,000 after acquiring an additional 41,318 shares during the period.

JVSPAC Acquisition Company Profile

JVSPAC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Wan Chai, Hong Kong.