Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Grows By 474.3%

Tavia Acquisition Corp. (NASDAQ:TAVI) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 97,977 shares, a growth of 474.3% from the April 30th total of 17,059 shares. Based on an average daily trading volume, of 79,426 shares, the short-interest ratio is presently 1.2 days. Approximately 0.9% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Tavia Acquisition in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Tavia Acquisition Stock Down 0.0%

Shares of Tavia Acquisition stock traded down $0.01 during trading on Thursday, hitting $10.64. 397,418 shares of the stock were exchanged, compared to its average volume of 55,775. The company has a fifty day moving average price of $10.59 and a 200-day moving average price of $10.50. Tavia Acquisition has a 1-year low of $10.15 and a 1-year high of $11.24.

Tavia Acquisition (NASDAQ:TAVI) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of Tavia Acquisition

A number of institutional investors have recently bought and sold shares of the business. Berkley W R Corp boosted its holdings in Tavia Acquisition by 0.8% in the 4th quarter. Berkley W R Corp now owns 212,881 shares of the company’s stock valued at $2,220,000 after purchasing an additional 1,763 shares during the period. Clear Street Group Inc. bought a new stake in Tavia Acquisition in the 3rd quarter valued at about $25,000. Mangrove Partners IM LLC boosted its holdings in Tavia Acquisition by 4.7% in the 3rd quarter. Mangrove Partners IM LLC now owns 56,411 shares of the company’s stock valued at $583,000 after purchasing an additional 2,511 shares during the period. Radcliffe Capital Management L.P. boosted its holdings in Tavia Acquisition by 2.8% in the 4th quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock valued at $1,061,000 after purchasing an additional 2,801 shares during the period. Finally, ABC Arbitrage SA bought a new stake in shares of Tavia Acquisition during the 4th quarter worth approximately $163,000.

About Tavia Acquisition

Tavia Acquisition Corp. is a blank check company, which engages in the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded on March 7, 2024 and is headquartered in Newark, DE.