Nova Vision Acquisition Co. (NASDAQ:NOVV) Sees Significant Growth in Short Interest

Nova Vision Acquisition Co. (NASDAQ:NOVV) was the recipient of a significant 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 shares of the company are short sold. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors 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% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,561 shares of the company’s stock after purchasing an additional 317,521 shares during the quarter. Shaolin Capital Management LLC owned 4.69% of Nova Vision Acquisition worth $1,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 37.44% of the company’s stock.

Nova Vision Acquisition Price Performance

NASDAQ:NOVV traded up $0.03 on Friday, reaching $11.85. 10,123 shares of the company’s stock were exchanged, compared to its average volume of 5,931. The firm has a market cap of $39.34 million and a price-to-earnings ratio of 296.32. Nova Vision Acquisition has a 52 week low of $10.70 and a 52 week high of $11.98. The stock has a fifty day simple moving average of $11.64 and a 200-day simple moving average of $11.52.

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

About Nova Vision Acquisition

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.