Spring Valley Acquisition Corp IV (NASDAQ:SVIVU) Short Interest Update
by Mitch Edgeman · The Markets DailySpring Valley Acquisition Corp IV (NASDAQ:SVIVU – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,511 shares, a decline of 37.1% from the April 30th total of 3,992 shares. Based on an average daily volume of 4,761 shares, the days-to-cover ratio is presently 0.5 days.
Spring Valley Acquisition Corp IV Price Performance
NASDAQ:SVIVU opened at $10.26 on Thursday. The stock has a 50-day moving average of $10.19. Spring Valley Acquisition Corp IV has a 12 month low of $10.05 and a 12 month high of $11.00.
Spring Valley Acquisition Corp IV Company Profile
Spring Valley Acquisition Corp IV (NASDAQ: SVIVU) is a special purpose acquisition company (SPAC), also known as a blank check company, that is listed on the Nasdaq. Like other SPACs, its principal purpose is to raise capital through a public listing and to seek one or more business combinations, mergers, or acquisitions that will allow a private operating company to become publicly traded through a business combination with the SPAC.
The company generally holds the proceeds of its offering in a trust account while it evaluates potential targets and transaction structures.