SRIVARU Holding Limited (NASDAQ:SVMH) Sees Significant Drop in Short Interest

SRIVARU Holding Limited (NASDAQ:SVMH) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 417,000 shares, a drop of 26.8% from the May 31st total of 569,300 shares. Based on an average daily trading volume, of 6,450,000 shares, the short-interest ratio is currently 0.1 days. Approximately 1.2% of the company’s shares are sold short.

SRIVARU Stock Performance

NASDAQ:SVMH remained flat at $0.18 during trading hours on Friday. 599,922 shares of the company’s stock were exchanged, compared to its average volume of 16,895,548. The stock has a fifty day moving average price of $0.18 and a 200-day moving average price of $0.23. SRIVARU has a 1-year low of $0.11 and a 1-year high of $0.84.

SRIVARU Company Profile

Mobiv Acquisition Corp is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Mobiv Acquisition Corp is based in Newark, Delaware.