Polar Asset Management Partners Inc. Cuts Stock Position in Keen Vision Acquisition Corporation $KVAC

Polar Asset Management Partners Inc. trimmed its holdings in shares of Keen Vision Acquisition Corporation (NASDAQ:KVAC) by 84.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,400 shares of the company’s stock after selling 126,600 shares during the period. Polar Asset Management Partners Inc.’s holdings in Keen Vision Acquisition were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Berkley W R Corp raised its position in Keen Vision Acquisition by 52.7% in the second quarter. Berkley W R Corp now owns 1,046,168 shares of the company’s stock valued at $11,895,000 after purchasing an additional 361,071 shares during the period. Crossingbridge Advisors LLC acquired a new position in shares of Keen Vision Acquisition during the third quarter worth about $755,000. Clear Street Group Inc. purchased a new stake in shares of Keen Vision Acquisition in the third quarter worth about $380,000. Finally, Meteora Capital LLC purchased a new stake in shares of Keen Vision Acquisition in the third quarter worth about $120,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Keen Vision Acquisition from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Keen Vision Acquisition Price Performance

KVAC opened at $12.00 on Friday. The company has a fifty day simple moving average of $11.91 and a 200 day simple moving average of $11.77. Keen Vision Acquisition Corporation has a twelve month low of $11.19 and a twelve month high of $12.20.

About Keen Vision Acquisition

Keen Vision Acquisition Corp is a Delaware‐incorporated special purpose acquisition company (SPAC) that completed its initial public offering in 2021. Trading on the Nasdaq under the ticker KVAC, the company raised capital through the sale of units priced at $10.00 each. Proceeds from the offering are held in a trust account pending the identification and completion of a business combination.

The company’s principal business activity is to seek a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets.