SRIVARU Holding Limited (NASDAQ:SVMH) Sees Significant Decrease in Short Interest

SRIVARU Holding Limited (NASDAQ:SVMH) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 417,000 shares, a drop of 26.8% from the May 31st total of 569,300 shares. Based on an average daily trading volume, of 6,450,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.2% of the shares of the company are sold short.

SRIVARU Price Performance

Shares of NASDAQ:SVMH opened at $0.17 on Monday. The business’s 50 day moving average is $0.18 and its 200-day moving average is $0.23. SRIVARU has a 1-year low of $0.11 and a 1-year high of $0.84.

About SRIVARU

Mobiv Acquisition Corp is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Mobiv Acquisition Corp is based in Newark, Delaware.