TenX Keane Acquisition (NASDAQ:TENK) Sees Large Decrease in Short Interest

TenX Keane Acquisition (NASDAQ:TENK) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decline of 50.0% from the March 31st total of 200 shares. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 0.0 days.

TenX Keane Acquisition Stock Performance

TENK stock remained flat at $11.12 during mid-day trading on Friday. The company’s stock had a trading volume of 15 shares, compared to its average volume of 655. TenX Keane Acquisition has a fifty-two week low of $10.41 and a fifty-two week high of $12.03. The company has a fifty day simple moving average of $11.06 and a 200 day simple moving average of $10.97.

Hedge Funds Weigh In On TenX Keane Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC grew its holdings in shares of TenX Keane Acquisition by 195.7% in the third quarter. Shaolin Capital Management LLC now owns 266,508 shares of the company’s stock valued at $2,870,000 after acquiring an additional 545,113 shares in the last quarter. Berkley W R Corp lifted its stake in TenX Keane Acquisition by 195.0% in the fourth quarter. Berkley W R Corp now owns 415,895 shares of the company’s stock valued at $4,554,000 after purchasing an additional 274,933 shares during the last quarter. Kepos Capital LP purchased a new position in TenX Keane Acquisition in the third quarter valued at approximately $2,423,000. HGC Investment Management Inc. purchased a new position in TenX Keane Acquisition in the fourth quarter valued at approximately $2,079,000. Finally, Spartan Fund Management Inc. purchased a new position in TenX Keane Acquisition in the first quarter valued at approximately $1,827,000. Institutional investors and hedge funds own 70.52% of the company’s stock.

TenX Keane Acquisition Company Profile

TenX Keane Acquisition focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on target businesses operating in Asia, excluding companies located or operating in mainland China, Hong Kong, or Macau.