Kairous Acquisition (NASDAQ:KACL) Shares Down 1.7% – Time to Sell?

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

Kairous Acquisition Stock Performance

The firm has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $12.22.

Institutional Investors Weigh In On Kairous Acquisition

An institutional investor recently raised its position in Kairous Acquisition stock. Berkley W R Corp lifted its stake in Kairous Acquisition Corp. Limited (NASDAQ:KACL) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,266 shares of the company’s stock after acquiring an additional 4,552 shares during the quarter. Berkley W R Corp owned 4.16% of Kairous Acquisition worth $1,862,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 36.35% of the company’s stock.

About Kairous Acquisition

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.