Thayer Ventures Acquisition Co. (NASDAQ:TVAC) Short Interest Up 131.0% in December

Thayer Ventures Acquisition Co. (NASDAQ:TVAC) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,700 shares, an increase of 131.0% from the December 15th total of 4,200 shares. Based on an average daily trading volume, of 104,800 shares, the short-interest ratio is presently 0.1 days.

A number of institutional investors and hedge funds have recently made changes to their positions in TVAC. Commonwealth Equity Services LLC purchased a new stake in Thayer Ventures Acquisition during the 2nd quarter valued at $100,000. Bank of Montreal Can purchased a new stake in Thayer Ventures Acquisition during the 2nd quarter valued at $618,000. Kepos Capital LP purchased a new stake in Thayer Ventures Acquisition during the 2nd quarter valued at $1,759,000. Geode Capital Management LLC purchased a new stake in Thayer Ventures Acquisition during the 2nd quarter valued at $143,000. Finally, Yakira Capital Management Inc. purchased a new stake in Thayer Ventures Acquisition during the 2nd quarter valued at $1,116,000. Institutional investors and hedge funds own 78.35% of the company’s stock.

Shares of TVAC opened at $10.14 on Friday. The firm has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $10.09. Thayer Ventures Acquisition has a 1-year low of $9.55 and a 1-year high of $10.61.

Thayer Ventures Acquisition Company Profile

Thayer Ventures Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the travel and transportation technology sectors. The company was founded in 2009 and is based in Valencia, California.

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