Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) Stock Short Interest Report for September

Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 2,097 shares, a growth of 77.3% from the September 15th total of 1,183 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 94,765 shares, the days-to-cover ratio is currently 0.0 days.

Silicon Valley Acquisition Price Performance

Shares of NASDAQ SVAQ traded up $0.02 during mid-day trading on Thursday, hitting $10.18. The stock had a trading volume of 265 shares, compared to its average volume of 93,154. The company has a 50 day moving average of $10.08 and a two-hundred day moving average of $10.01. Silicon Valley Acquisition has a twelve month low of $9.86 and a twelve month high of $10.20.

Analyst Ratings Changes

Separately, Weiss Ratings raised Silicon Valley Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Silicon Valley Acquisition Company Profile

Silicon Valley Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a private company. Unlike an operating business, the company does not manufacture products or provide ongoing commercial services of its own.

Its principal activity is evaluating potential merger, acquisition, or other business-combination opportunities and seeking shareholder approval for a transaction. Until a transaction is completed, its operations are generally limited to organizing the proposed combination, maintaining its public-company structure, and managing funds held for that purpose.

Publicly available information about Silicon Valley Acquisition Corp.’s specific target industries, geographic markets, products, and executive leadership is limited.