Spring Valley Acquisition Corp. II (NASDAQ:SVII – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,300 shares, an increase of 550.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.
Spring Valley Acquisition Corp. II Stock Performance
Shares of NASDAQ:SVII opened at $11.44 on Friday. The firm has a 50 day moving average of $11.30 and a 200-day moving average of $11.28. Spring Valley Acquisition Corp. II has a 12 month low of $10.91 and a 12 month high of $11.70.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in shares of Spring Valley Acquisition Corp. II in the 4th quarter valued at $1,014,000. Tidal Investments LLC bought a new stake in shares of Spring Valley Acquisition Corp. II during the 4th quarter worth $147,000. Geode Capital Management LLC boosted its stake in Spring Valley Acquisition Corp. II by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 12,670 shares of the company’s stock valued at $143,000 after buying an additional 1,679 shares in the last quarter. Virtu Financial LLC bought a new position in Spring Valley Acquisition Corp. II in the fourth quarter valued at about $427,000. Finally, Robinson Capital Management LLC bought a new position in Spring Valley Acquisition Corp. II in the fourth quarter valued at about $146,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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