Kairous Acquisition (NASDAQ:KACL) Trading Down 1.7% – What’s Next?

Kairous Acquisition Corp. Limited (NASDAQ:KACL) shares dropped 1.7% during trading on Friday . The stock traded as low as $12.33 and last traded at $12.33. Approximately 1,547 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 3,691 shares. The stock had previously closed at $12.54.

Kairous Acquisition Stock Down 1.7 %

The company has a fifty day moving average of $12.38 and a 200 day moving average of $12.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kairous Acquisition stock. Berkley W R Corp increased its stake in Kairous Acquisition Corp. Limited (NASDAQ:KACL) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 153,266 shares of the company’s stock after purchasing an additional 4,552 shares during the quarter. Berkley W R Corp owned approximately 4.16% of Kairous Acquisition worth $1,862,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.35% of the company’s stock.

Kairous Acquisition Company Profile

Kairous Acquisition Corp. Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on opportunities in Asia, excluding China.