Nova Vision Acquisition Co. (NASDAQ:NOVV) Short Interest Update

Nova Vision Acquisition Co. (NASDAQ:NOVV) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,700 shares, a growth of 183.3% from the March 31st total of 600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is presently 0.4 days.

Nova Vision Acquisition Price Performance

Nova Vision Acquisition stock traded up $0.03 during mid-day trading on Friday, reaching $11.85. The stock had a trading volume of 10,123 shares, compared to its average volume of 8,104. The company has a market capitalization of $39.34 million and a price-to-earnings ratio of 295.57. The company has a 50-day moving average price of $11.63 and a two-hundred day moving average price of $11.51. Nova Vision Acquisition has a one year low of $10.70 and a one year high of $11.98.

Nova Vision Acquisition (NASDAQ:NOVV) last announced its quarterly earnings results on Friday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Nova Vision Acquisition

An institutional investor recently raised its position in Nova Vision Acquisition stock. Shaolin Capital Management LLC raised its stake in shares of Nova Vision Acquisition Co. (NASDAQ:NOVV) by 211.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 167,561 shares of the company’s stock after acquiring an additional 317,521 shares during the period. Shaolin Capital Management LLC owned approximately 4.69% of Nova Vision Acquisition worth $1,887,000 as of its most recent SEC filing. 37.44% of the stock is owned by institutional investors.

Nova Vision Acquisition Company Profile

Nova Vision Acquisition Corporation does not have significant operations. The company intends to effect into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It focuses on sourcing opportunities that are in the PropTech, FinTech, ConsumerTech, supply chain management industries, or technology companies that serve these or other sectors.