Short Interest in Spring Valley Acquisition Corp. II (NASDAQ:SVII) Increases By 69.2%

Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,200 shares, a growth of 69.2% from the February 13th total of 1,300 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's shares are sold short.

Spring Valley Acquisition Corp. II Price Performance

Shares of SVII stock traded up $0.01 during mid-day trading on Tuesday, reaching $11.50. The stock had a trading volume of 100,001 shares, compared to its average volume of 65,976. The stock's 50-day moving average price is $11.35 and its two-hundred day moving average price is $11.31. Spring Valley Acquisition Corp. II has a 52-week low of $10.94 and a 52-week high of $11.70.

Hedge Funds Weigh In On Spring Valley Acquisition Corp. II

A number of hedge funds have recently modified their holdings of the company. Mizuho Securities USA LLC increased its position in shares of Spring Valley Acquisition Corp. II by 135.7% in the third quarter. Mizuho Securities USA LLC now owns 1,012,215 shares of the company's stock valued at $11,337,000 after acquiring an additional 582,688 shares during the period. Quarry LP increased its position in shares of Spring Valley Acquisition Corp. II by 863.1% in the third quarter. Quarry LP now owns 613,725 shares of the company's stock valued at $6,895,000 after acquiring an additional 550,000 shares during the period. Verition Fund Management LLC increased its position in shares of Spring Valley Acquisition Corp. II by 0.3% in the third quarter. Verition Fund Management LLC now owns 352,343 shares of the company's stock valued at $3,957,000 after acquiring an additional 1,150 shares during the period. Toronto Dominion Bank purchased a new position in shares of Spring Valley Acquisition Corp. II in the fourth quarter valued at about $1,014,000. Finally, Virtu Financial LLC purchased a new position in shares of Spring Valley Acquisition Corp. II during the fourth quarter valued at about $427,000. Hedge funds and other institutional investors own 89.78% of the company's stock.

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Spring Valley Acquisition Corp. II Company Profile

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.