Keen Vision Acquisition Co. (NASDAQ:KVAC) Short Interest Down 62.5% in March

Keen Vision Acquisition Co. (NASDAQ:KVAC) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 900 shares, a drop of 62.5% from the March 15th total of 2,400 shares. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Keen Vision Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Yakira Capital Management Inc. acquired a new stake in shares of Keen Vision Acquisition during the fourth quarter worth $2,556,000. Spartan Fund Management Inc. bought a new position in Keen Vision Acquisition during the fourth quarter worth about $779,000. Finally, Toronto Dominion Bank acquired a new stake in shares of Keen Vision Acquisition in the 4th quarter valued at approximately $304,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Keen Vision Acquisition Stock Performance

Shares of NASDAQ:KVAC traded up $0.02 during trading on Wednesday, reaching $11.24. The stock had a trading volume of 5,052 shares, compared to its average volume of 70,575. Keen Vision Acquisition has a 52 week low of $10.47 and a 52 week high of $11.28. The business’s 50-day moving average price is $11.18 and its 200 day moving average price is $11.01.

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.