I'm LongbridgeAI, I can summarize articles.Spring Valley Acquisition Corp. II (NASDAQ:SVII) experienced a significant decline in short interest, dropping 81.8% to 400 shares as of March 15th, compared to 2,200 shares on February 28th. Currently, 0.0% of the company's shares are short sold, with a days-to-cover ratio of 0.1 days based on an average trading volume of 7,900 shares. Hedge funds hold 89.78% of the stock, with notable increases in holdings from various institutional investors. The stock traded at $11.52, with a 52-week range of $10.97 to $11.70.
Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 400 shares, a decrease of 81.8% from the February 28th total of 2,200 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On Spring Valley Acquisition Corp. II
Hedge funds have recently modified their holdings of the stock. Quarry LP lifted its stake in Spring Valley Acquisition Corp. II by 863.1% during the third quarter. Quarry LP now owns 613,725 shares of the company's stock valued at $6,895,000 after buying an additional 550,000 shares in the last quarter. Robinson Capital Management LLC purchased a new position in Spring Valley Acquisition Corp. II during the 4th quarter worth approximately $146,000. Verition Fund Management LLC lifted its holdings in shares of Spring Valley Acquisition Corp. II by 0.3% in the third quarter. Verition Fund Management LLC now owns 352,343 shares of the company's stock valued at $3,957,000 after purchasing an additional 1,150 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Spring Valley Acquisition Corp. II during the fourth quarter valued at $1,014,000. Finally, Tidal Investments LLC acquired a new position in Spring Valley Acquisition Corp. II during the fourth quarter valued at $147,000. 89.78% of the stock is owned by hedge funds and other institutional investors.
Spring Valley Acquisition Corp. II Price Performance
Shares of NASDAQ SVII traded down $0.01 during trading on Wednesday, hitting $11.52. The company had a trading volume of 13,875 shares, compared to its average volume of 66,089. Spring Valley Acquisition Corp. II has a 52 week low of $10.97 and a 52 week high of $11.70. The business's 50-day moving average is $11.37 and its 200 day moving average is $11.32.
Spring Valley Acquisition Corp. II Company Profile
(Get Free Report)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.
Featured Articles
- Five stocks we like better than Spring Valley Acquisition Corp. II
- 3 Healthcare Dividend Stocks to Buy
- Energy Transfer: Powering Data With Dividends and Diversification
- What Are Treasury Bonds?
- Qualcomm Stock Is Coiling for a Breakout
- Short Selling: How to Short a Stock
- Is Alphabet Too Cheap to Ignore After Its Recent Correction?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Spring Valley Acquisition Corp. II Right Now?
Before you consider Spring Valley Acquisition Corp. II, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spring Valley Acquisition Corp. II wasn't on the list.
While Spring Valley Acquisition Corp. II currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
