Kochav Defense Acquisition Corp. (NASDAQ:KCHV) Stock Short Interest Jumps 250.3%

Kochav Defense Acquisition Corp. (NASDAQ:KCHV) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 620 shares, an increase of 250.3% from the October 15th total of 177 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 38,128 shares, the days-to-cover ratio is currently 0.0 days.

Kochav Defense Acquisition Stock Up 0.1%

Kochav Defense Acquisition stock traded up $0.01 during trading hours on Thursday, reaching $10.50. 2,823 shares of the company were exchanged, compared to its average volume of 98,021. The stock has a 50-day moving average of $10.49 and a 200 day moving average of $10.37. Kochav Defense Acquisition has a 12 month low of $10.11 and a 12 month high of $10.56.

Kochav Defense Acquisition (NASDAQ:KCHV) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.06 EPS for the quarter.

Institutional Investors Weigh In On Kochav Defense Acquisition

Several hedge funds have recently made changes to their positions in KCHV. Sona Asset Management US LLC bought a new stake in shares of Kochav Defense Acquisition in the 1st quarter valued at approximately $1,795,000. BlueCrest Capital Management Ltd acquired a new position in Kochav Defense Acquisition during the 2nd quarter worth $940,000. Finally, Context Capital Management LLC acquired a new position in Kochav Defense Acquisition during the 3rd quarter worth $3,666,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Kochav Defense Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Kochav Defense Acquisition has an average rating of “Sell”.

Kochav Defense Acquisition Company Profile

Kochav Defense Acquisition is a special purpose acquisition company (SPAC) formed to pursue a business combination with one or more businesses in the defense sector. Its potential transaction could involve a merger, acquisition, share exchange or similar combination. As a SPAC, Kochav Defense Acquisition does not currently operate a defense business or offer defense products or services of its own. Its activities center on identifying and completing a transaction with a target company.