Spring Valley Acquisition Corp. II (NASDAQ:SVII) Sees Significant Growth in Short Interest

Key Points

• Short interest in Spring Valley Acquisition Corp. II increased by 1,700.0% in August, rising to 7,200 shares from 400 shares at the end of July.
• The company's stock traded up 0.3%, reaching $11.99, with a trading volume of 5,910 shares compared to an average of 24,989 shares.
• Institutional investors now hold approximately 89.78% of Spring Valley Acquisition Corp. II's stock, with several firms significantly increasing their positions recently.

Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totaling 7,200 shares, anincreaseof1,700.0% from the July 31st total of 400 shares. Based on an average trading volume of 29,800 shares, the days-to-cover ratio is currently 0.2 days. Currently,0.3% of the company's stock are short sold. Currently,0.3% of the company's stock are short sold. Based on an average trading volume of 29,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Spring Valley Acquisition Corp. II

Several institutional investors have recently bought and sold shares of the stock. Mizuho Securities USA LLC grew its holdings in Spring Valley Acquisition Corp. II by 16.1% during the first quarter. Mizuho Securities USA LLC now owns 204,004 shares of the company's stock worth $2,326,000 after buying an additional 28,336 shares in the last quarter. Toronto Dominion Bank bought a new stake in Spring Valley Acquisition Corp. II during the fourth quarter worth $1,014,000. Clear Street LLC grew its holdings in Spring Valley Acquisition Corp. II by 7,870.5% during the second quarter. Clear Street LLC now owns 35,628 shares of the company's stock worth $419,000 after buying an additional 35,181 shares in the last quarter. Tidal Investments LLC bought a new stake in Spring Valley Acquisition Corp. II during the fourth quarter worth $147,000. Finally, Geode Capital Management LLC grew its holdings in Spring Valley Acquisition Corp. II by 15.3% during the fourth quarter. Geode Capital Management LLC now owns 12,670 shares of the company's stock worth $143,000 after buying an additional 1,679 shares in the last quarter. Institutional investors own 89.78% of the company's stock.

Spring Valley Acquisition Corp. II Trading Down 0.1%

Spring Valley Acquisition Corp. II stock traded down $0.01 during trading on Friday, hitting $11.97. 6,787 shares of the company were exchanged, compared to its average volume of 38,561. The business's 50 day moving average is $11.93 and its 200 day moving average is $11.71. Spring Valley Acquisition Corp. II has a 52 week low of $11.20 and a 52 week high of $12.74.

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.