Short Interest in Tavia Acquisition Corp. (NASDAQ:TAVI) Drops By 59.9%

Tavia Acquisition Corp. (NASDAQ:TAVI) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 2,118 shares, a decrease of 59.9% from the May 31st total of 5,284 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,594 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Tavia Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of Tavia Acquisition during the fourth quarter valued at $11,369,000. Rivernorth Capital Management LLC grew its stake in shares of Tavia Acquisition by 33.3% in the fourth quarter. Rivernorth Capital Management LLC now owns 262,528 shares of the company’s stock worth $2,738,000 after purchasing an additional 65,632 shares during the last quarter. Berkley W R Corp increased its holdings in Tavia Acquisition by 1.9% in the first quarter. Berkley W R Corp now owns 216,861 shares of the company’s stock valued at $2,290,000 after purchasing an additional 3,980 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Tavia Acquisition in the first quarter valued at $2,155,000. Finally, Radcliffe Capital Management L.P. raised its position in Tavia Acquisition by 2.8% during the 4th quarter. Radcliffe Capital Management L.P. now owns 101,709 shares of the company’s stock worth $1,061,000 after purchasing an additional 2,801 shares during the last quarter.

Tavia Acquisition Stock Performance

Shares of TAVI stock traded up $0.01 during mid-day trading on Monday, reaching $10.68. 2,676 shares of the stock traded hands, compared to its average volume of 40,786. The stock’s fifty day simple moving average is $10.62 and its two-hundred day simple moving average is $10.54. Tavia Acquisition has a 1-year low of $10.24 and a 1-year high of $11.91.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Tavia Acquisition in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tavia Acquisition presently has an average rating of “Sell”.

Tavia Acquisition Company Profile

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.