Spring Valley Acquisition Corp. II (NASDAQ:SVII – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 21,400 shares, a drop of 19.2% from the February 29th total of 26,500 shares. Based on an average daily trading volume, of 194,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.
Hedge Funds Weigh In On Spring Valley Acquisition Corp. II
Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG acquired a new stake in Spring Valley Acquisition Corp. II during the 4th quarter valued at $33,000. State Street Corp acquired a new stake in Spring Valley Acquisition Corp. II during the 1st quarter valued at $268,000. Susquehanna International Group LLP acquired a new stake in Spring Valley Acquisition Corp. II during the 1st quarter valued at $286,000. Bracebridge Capital LLC acquired a new stake in Spring Valley Acquisition Corp. II during the 4th quarter valued at $540,000. Finally, Virtu Financial LLC acquired a new stake in Spring Valley Acquisition Corp. II during the 4th quarter valued at $509,000. Institutional investors own 89.78% of the company’s stock.
Spring Valley Acquisition Corp. II Stock Performance
Spring Valley Acquisition Corp. II stock opened at $10.99 on Monday. Spring Valley Acquisition Corp. II has a one year low of $10.34 and a one year high of $10.99. The business has a 50 day simple moving average of $10.93 and a 200 day simple moving average of $10.83.
Spring Valley Acquisition Corp. II Company Profile
Spring Valley Acquisition Corp. II does not have significant operations. The company intends to acquire assets and businesses through a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. Spring Valley Acquisition Corp. II was incorporated in 2021 and is based in Dallas, Texas.
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