Western Acquisition Ventures Corp. (NASDAQ:WAVS – Get Rating) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,500 shares, an increase of 66.7% from the November 15th total of 1,500 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WAVS. Robinson Capital Management LLC acquired a new position in shares of Western Acquisition Ventures during the second quarter worth approximately $318,000. Hudson Bay Capital Management LP acquired a new position in shares of Western Acquisition Ventures during the second quarter worth approximately $4,985,000. MMCAP International Inc. SPC bought a new stake in shares of Western Acquisition Ventures during the second quarter valued at approximately $4,970,000. Karpus Management Inc. bought a new stake in shares of Western Acquisition Ventures during the second quarter valued at approximately $1,764,000. Finally, Berkley W R Corp bought a new stake in shares of Western Acquisition Ventures during the second quarter valued at approximately $994,000. 58.43% of the stock is currently owned by institutional investors and hedge funds.

Western Acquisition Ventures Stock Performance

Shares of WAVS stock opened at $10.10 on Tuesday. Western Acquisition Ventures has a 12 month low of $9.87 and a 12 month high of $10.10. The stock has a 50 day moving average of $10.04 and a 200-day moving average of $9.98.

Western Acquisition Ventures Company Profile

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.

Further Reading

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