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

Key Points

• Spring Valley Acquisition Corp. II (NASDAQ: SVII) experienced a significant rise in short interest of 31.9% in August, totaling 9,500 shares compared to 7,200 shares in mid-August.
• Hedge funds have increased their stakes in SVII, with notable investments such as Toronto Dominion Bank acquiring around $1,014,000 worth of shares.
• As of the latest trading session, SVII's stock price reached $12.12, showing a 12-month trading range between $11.20 and $12.74.

Spring Valley Acquisition Corp. II (NASDAQ:SVII - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 9,500 shares, a growth of 31.9% from the August 15th total of 7,200 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 27,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 27,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Spring Valley Acquisition Corp. II

A number of large investors have recently modified their holdings of the stock. Clear Street LLC grew its position in shares of Spring Valley Acquisition Corp. II by 7,870.5% in the 2nd quarter. Clear Street LLC now owns 35,628 shares of the company's stock valued at $419,000 after acquiring an additional 35,181 shares during the period. Mizuho Securities USA LLC raised 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 during the last quarter. Toronto Dominion Bank bought a new position in Spring Valley Acquisition Corp. II during the fourth quarter valued at about $1,014,000. Finally, Tidal Investments LLC bought a new position in Spring Valley Acquisition Corp. II during the fourth quarter worth about $147,000. 89.78% of the stock is currently owned by institutional investors and hedge funds.

Spring Valley Acquisition Corp. II Stock Performance

Shares of SVII stock traded up $0.02 during trading hours on Friday, hitting $12.32. 212,367 shares of the company were exchanged, compared to its average volume of 22,852. The business's 50-day simple moving average is $12.01 and its two-hundred day simple moving average is $11.76. Spring Valley Acquisition Corp. II has a one year low of $11.20 and a one year 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.