Western Acquisition Ventures Corp. (NASDAQ:WAVS) Sees Large Drop in Short Interest

Western Acquisition Ventures Corp. (NASDAQ:WAVS) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 2,400 shares, a decrease of 14.3% from the March 31st total of 2,800 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 700 shares, the short-interest ratio is presently 3.4 days.

Western Acquisition Ventures Stock Performance

Shares of Western Acquisition Ventures stock opened at $10.83 on Monday. Western Acquisition Ventures has a 12-month low of $10.24 and a 12-month high of $15.87. The firm’s 50-day moving average price is $10.64 and its two-hundred day moving average price is $10.76.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Western Acquisition Ventures stock. Clear Street LLC grew its position in shares of Western Acquisition Ventures Corp. (NASDAQ:WAVS) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,061 shares of the company’s stock after acquiring an additional 4,899 shares during the quarter. Clear Street LLC owned 0.98% of Western Acquisition Ventures worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 6.55% of the company’s stock.

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 focuses on 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.