Spring Valley Acquisition Corp. II (NASDAQ:SVII – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,800 shares, a growth of 350.0% from the March 15th total of 400 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.
Spring Valley Acquisition Corp. II Price Performance
NASDAQ SVII traded up $0.05 on Tuesday, reaching $11.50. The company had a trading volume of 7,111 shares, compared to its average volume of 65,986. The company’s fifty day moving average is $11.44 and its 200-day moving average is $11.35. Spring Valley Acquisition Corp. II has a 1-year low of $11.00 and a 1-year high of $11.70.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in Spring Valley Acquisition Corp. II by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 12,670 shares of the company’s stock valued at $143,000 after acquiring an additional 1,679 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in shares of Spring Valley Acquisition Corp. II in the fourth quarter valued at approximately $146,000. Tidal Investments LLC bought a new stake in shares of Spring Valley Acquisition Corp. II in the fourth quarter worth $147,000. Virtu Financial LLC acquired a new position in Spring Valley Acquisition Corp. II during the fourth quarter worth $427,000. Finally, Toronto Dominion Bank bought a new position in Spring Valley Acquisition Corp. II in the fourth quarter valued at $1,014,000. 89.78% of the stock is owned by institutional investors and hedge funds.
About Spring Valley Acquisition Corp. II
Spring Valley Acquisition Corp. II does not have significant operations. It intends effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. The company was incorporated in 2021 and is based in Dallas, Texas.
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