Western Acquisition Ventures Corp. (NASDAQ:WAVS – Get Rating) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 2,300 shares, a drop of 37.8% from the January 15th total of 3,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,300 shares, the short-interest ratio is presently 0.3 days.
Western Acquisition Ventures Price Performance
NASDAQ:WAVS opened at $10.28 on Friday. The stock has a 50 day simple moving average of $10.33 and a 200 day simple moving average of $10.11. Western Acquisition Ventures has a 1-year low of $9.80 and a 1-year high of $12.67.
Get Western Acquisition Ventures alerts:Hedge Funds Weigh In On Western Acquisition Ventures
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 during the 2nd quarter worth $318,000. Hudson Bay Capital Management LP acquired a new position in shares of Western Acquisition Ventures in the 2nd quarter valued at about $4,985,000. MMCAP International Inc. SPC bought a new stake in Western Acquisition Ventures in the 2nd quarter valued at about $4,970,000. Karpus Management Inc. bought a new stake in Western Acquisition Ventures in the 2nd quarter valued at about $1,764,000. Finally, Berkley W R Corp bought a new stake in Western Acquisition Ventures in the 2nd quarter valued at about $994,000. Institutional investors own 62.51% of the company's stock.
Western Acquisition Ventures Company Profile
(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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