Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 3,500 shares, an increase of 66.7% from the September 30th total of 2,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 93,300 shares, the short-interest ratio is currently 0.0 days.
Large investors have recently added to or reduced their stakes in the stock. Berkley W R Corp boosted its position in shares of Spring Valley Acquisition Corp. II by 78.0% in the second quarter. Berkley W R Corp now owns 1,101,435 shares of the company's stock valued at $12,237,000 after acquiring an additional 482,767 shares during the period. Periscope Capital Inc. grew its position in shares of Spring Valley Acquisition Corp. II by 10.7% during the 1st quarter. Periscope Capital Inc. now owns 553,501 shares of the company's stock valued at $6,083,000 after purchasing an additional 53,501 shares in the last quarter. Cowen AND Company LLC raised its position in shares of Spring Valley Acquisition Corp. II by 15.7% in the second quarter. Cowen AND Company LLC now owns 407,731 shares of the company's stock worth $4,534,000 after buying an additional 55,238 shares in the last quarter. Mizuho Securities USA LLC bought a new stake in Spring Valley Acquisition Corp. II during the first quarter valued at $3,893,000. Finally, Sandia Investment Management LP purchased a new position in Spring Valley Acquisition Corp. II during the first quarter worth about $1,015,000. Institutional investors own 89.78% of the company's stock.
Shares of NASDAQ SVII traded down $0.01 during mid-day trading on Friday, hitting $11.37. The company had a trading volume of 620,961 shares, compared to its average volume of 123,499. Spring Valley Acquisition Corp. II has a 1 year low of $10.72 and a 1 year high of $11.50. The stock's 50-day moving average price is $11.26 and its 200-day moving average price is $11.15.
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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