Spring Valley Acquisition Corp. II (NASDAQ:SVII) Sees Large Decrease in Short Interest

Spring Valley Acquisition Corp. II (NASDAQ:SVII) saw a large decrease in short interest in 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Spring Valley Acquisition Corp. II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SVII. Quarry LP increased its stake in shares of Spring Valley Acquisition Corp. II by 863.1% in the 3rd quarter. Quarry LP now owns 613,725 shares of the company’s stock worth $6,895,000 after acquiring an additional 550,000 shares during the last quarter. Toronto Dominion Bank acquired a new stake in Spring Valley Acquisition Corp. II during the fourth quarter worth about $1,014,000. Virtu Financial LLC purchased a new position in Spring Valley Acquisition Corp. II during the fourth quarter worth about $427,000. Robinson Capital Management LLC acquired a new position in Spring Valley Acquisition Corp. II in the 4th quarter valued at about $146,000. Finally, Tidal Investments LLC purchased a new stake in shares of Spring Valley Acquisition Corp. II in the 4th quarter valued at approximately $147,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Spring Valley Acquisition Corp. II Price Performance

Shares of NASDAQ SVII opened at $11.53 on Friday. The firm has a 50-day simple moving average of $11.38 and a two-hundred day simple moving average of $11.32. Spring Valley Acquisition Corp. II has a 1 year low of $10.97 and a 1 year high of $11.70.

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.