Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) Short Interest Down 76.7% in August

Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 779 shares, a drop of 76.7% from the July 30th total of 3,348 shares. Based on an average trading volume of 35,494 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Silicon Valley Acquisition Trading Up 0.1%

NASDAQ SVAQ traded up $0.01 during trading hours on Friday, reaching $10.05. The company’s stock had a trading volume of 1,199 shares, compared to its average volume of 78,794. Silicon Valley Acquisition has a fifty-two week low of $9.86 and a fifty-two week high of $10.16. The business’s 50-day moving average price is $10.05.

Analyst Upgrades and Downgrades

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

About Silicon Valley Acquisition

Silicon Valley Acquisition Corp is a blank check company.