JVSPAC Acquisition Corp. (NASDAQ:JVSA) Short Interest Up 28.6% in December

Posted by Scott Moore on Jan 18th, 2025

JVSPAC Acquisition Corp. (NASDAQ:JVSA – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 2,700 shares, an increase of 28.6% from the December 15th total of 2,100 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On JVSPAC Acquisition

A number of hedge funds have recently added to or reduced their stakes in JVSA. Berkley W R Corp acquired a new stake in shares of JVSPAC Acquisition in the second quarter valued at approximately $1,715,000. Shaolin Capital Management LLC grew its holdings in JVSPAC Acquisition by 150.0% in the 2nd quarter. Shaolin Capital Management LLC now owns 250,000 shares of the company’s stock worth $2,540,000 after buying an additional 150,000 shares in the last quarter. Rivernorth Capital Management LLC increased its position in JVSPAC Acquisition by 20.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 246,818 shares of the company’s stock valued at $2,552,000 after acquiring an additional 41,318 shares during the period. Wolverine Asset Management LLC raised its stake in JVSPAC Acquisition by 70.1% during the 3rd quarter. Wolverine Asset Management LLC now owns 392,339 shares of the company’s stock valued at $4,057,000 after acquiring an additional 161,643 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in JVSPAC Acquisition by 17.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 497,430 shares of the company’s stock worth $5,114,000 after acquiring an additional 74,368 shares during the period.

JVSPAC Acquisition Stock Performance

Shares of JVSA remained flat at $10.52 during midday trading on Friday. The business has a 50-day moving average of $10.42 and a 200 day moving average of $10.32. JVSPAC Acquisition has a 12-month low of $10.02 and a 12-month high of $10.52.

About JVSPAC Acquisition

(Get Free Report)

JVSPAC Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Wan Chai, Hong Kong.