Western Acquisition Ventures Corp. (NASDAQ:WAVS) Short Interest Update

Western Acquisition Ventures Corp. (NASDAQ:WAVS) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,200 shares, a growth of 1,000.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the company’s stock are short sold.

Western Acquisition Ventures Price Performance

Western Acquisition Ventures stock traded up $1.00 during trading on Wednesday, reaching $11.00. The company had a trading volume of 9,135 shares, compared to its average volume of 5,811. Western Acquisition Ventures has a 12-month low of $8.50 and a 12-month high of $15.98. The stock’s 50 day moving average price is $11.04 and its two-hundred day moving average price is $10.92.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Western Acquisition Ventures stock. Flow Traders U.S. LLC purchased a new position in shares of Western Acquisition Ventures Corp. (NASDAQ:WAVS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,295 shares of the company’s stock, valued at approximately $108,000. Flow Traders U.S. LLC owned 0.29% of Western Acquisition Ventures at the end of the most recent reporting period. 6.55% of the stock is owned by institutional investors and hedge funds.

About Western Acquisition Ventures

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 businesses or entities. It intends to acquire businesses operating in the infrastructure and environmental services; health, wellness, and food sustainability; financial technology and financial services; enterprise software and software as a service (SaaS); and leisure and hospitality industries.