Spring Valley Acquisition Corp. IV (NASDAQ:SVIV – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 464 shares, a drop of 92.6% from the May 14th total of 6,305 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 87,261 shares, the days-to-cover ratio is currently 0.0 days.
Spring Valley Acquisition Corp. IV Trading Down 0.3%
NASDAQ SVIV traded down $0.03 on Thursday, hitting $10.14. The stock had a trading volume of 586 shares, compared to its average volume of 49,041. The business has a fifty day moving average of $9.98. Spring Valley Acquisition Corp. IV has a 52-week low of $9.55 and a 52-week high of $10.80.
Wall Street Analyst Weigh In
Separately, Weiss Ratings began coverage on shares of Spring Valley Acquisition Corp. IV in a report on Friday, May 29th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
About Spring Valley Acquisition Corp. IV
Spring Valley Acquisition Corp IV is a blank check company established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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