Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) Sees Large Decline in Short Interest

Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 6,500 shares, a drop of 27.8% from the August 15th total of 9,000 shares. Based on an average daily trading volume, of 187,500 shares, the days-to-cover ratio is presently 0.0 days.

DNAB stock traded up $0.01 during trading on Monday, hitting $9.80. 139,145 shares of the company’s stock traded hands, compared to its average volume of 107,242. The stock’s fifty day moving average price is $9.83. Social Capital Suvretta Holdings Corp. II has a 1 year low of $9.70 and a 1 year high of $10.35.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp purchased a new position in Social Capital Suvretta Holdings Corp. II in the second quarter worth $132,000. Boothbay Fund Management LLC purchased a new position in Social Capital Suvretta Holdings Corp. II in the second quarter worth $181,000. Royal Bank of Canada purchased a new position in Social Capital Suvretta Holdings Corp. II in the second quarter worth $202,000. Segantii Capital Management Ltd purchased a new position in Social Capital Suvretta Holdings Corp. II in the second quarter worth $354,000. Finally, Spring Creek Capital LLC purchased a new position in Social Capital Suvretta Holdings Corp. II in the second quarter worth $354,000.

Social Capital Suvretta Holdings Corp. II Company Profile

Social Capital Suvretta Holdings Corp. II intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an initial business combination target in any subsector within the biotechnology industry.

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