Spring Valley Acquisition Corp IV (NASDAQ:SVIVU – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,007 shares, a decline of 49.9% from the May 31st total of 2,009 shares. Based on an average daily trading volume, of 1,737 shares, the short-interest ratio is presently 0.6 days.
Spring Valley Acquisition Corp IV Price Performance
Shares of SVIVU traded up $0.01 during trading hours on Thursday, hitting $10.38. The stock had a trading volume of 900 shares, compared to its average volume of 37,891. Spring Valley Acquisition Corp IV has a 12 month low of $10.05 and a 12 month high of $11.00. The firm has a fifty day moving average price of $10.28.
About Spring Valley Acquisition Corp IV
Spring Valley Acquisition Corp IV (NASDAQ: SVIVU) is a special purpose acquisition company (SPAC), also known as a blank check company, that is listed on the Nasdaq. Like other SPACs, its principal purpose is to raise capital through a public listing and to seek one or more business combinations, mergers, or acquisitions that will allow a private operating company to become publicly traded through a business combination with the SPAC.
The company generally holds the proceeds of its offering in a trust account while it evaluates potential targets and transaction structures.
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