Western Acquisition Ventures Corp. (NASDAQ:WAVS – Get Rating) saw a significant decrease in short interest in August. As of August 15th, there was short interest totalling 2,600 shares, a decrease of 38.1% from the July 31st total of 4,200 shares. Based on an average trading volume of 24,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company's stock are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in WAVS. Robinson Capital Management LLC bought a new position in Western Acquisition Ventures in the second quarter valued at $318,000. Berkley W R Corp acquired a new stake in Western Acquisition Ventures in the second quarter valued at $994,000. Karpus Management Inc. acquired a new stake in Western Acquisition Ventures in the second quarter valued at $1,764,000. MMCAP International Inc. SPC acquired a new stake in Western Acquisition Ventures in the second quarter valued at $4,970,000. Finally, CVI Holdings LLC acquired a new stake in Western Acquisition Ventures in the second quarter valued at $4,985,000. Institutional investors own 19.45% of the company's stock.
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Western Acquisition Ventures stock opened at $9.99 on Monday. Western Acquisition Ventures has a 1-year low of $9.87 and a 1-year high of $10.00. The company has a fifty day simple moving average of $9.94.
About Western Acquisition Ventures
(Get Rating)Western Acquisition Ventures Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses. It focuses on businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and SaaS; and leisure and hospitality industries.
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