Short Interest in Spring Valley Acquisition Corp. II (NASDAQ:SVII) Expands By 120.0%

Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 7,700 shares, a growth of 120.0% from the October 15th total of 3,500 shares. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company's stock are sold short.

Institutional Trading of Spring Valley Acquisition Corp. II

Several hedge funds and other institutional investors have recently bought and sold shares of SVII. Mizuho Securities USA LLC acquired a new stake in shares of Spring Valley Acquisition Corp. II during the first quarter worth $3,893,000. Periscope Capital Inc. grew its holdings in shares of Spring Valley Acquisition Corp. II by 10.7% during the first 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 during the last quarter. Sandia Investment Management LP acquired a new stake in shares of Spring Valley Acquisition Corp. II during the 1st quarter worth approximately $1,015,000. Berkley W R Corp lifted its holdings in shares of Spring Valley Acquisition Corp. II by 147.1% in the 1st quarter. Berkley W R Corp now owns 618,668 shares of the company's stock worth $6,793,000 after purchasing an additional 368,328 shares during the last quarter. Finally, Walleye Trading LLC acquired a new position in Spring Valley Acquisition Corp. II during the 1st quarter valued at approximately $266,000. 89.78% of the stock is owned by institutional investors.

Spring Valley Acquisition Corp. II Stock Performance

Shares of NASDAQ:SVII remained flat at $11.45 during midday trading on Wednesday. 59 shares of the company were exchanged, compared to its average volume of 196,758. Spring Valley Acquisition Corp. II has a fifty-two week low of $10.76 and a fifty-two week high of $11.70. The company's 50 day simple moving average is $11.33 and its two-hundred day simple moving average is $11.20.

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.