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

Spring Valley Acquisition Corp. II (NASDAQ:SVII) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,100 shares, an increase of 1,000.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 90,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

Spring Valley Acquisition Corp. II Stock Performance

Shares of SVII stock remained flat at $11.22 on Friday. The company had a trading volume of 1 shares, compared to its average volume of 116,781. The business has a 50 day moving average of $11.31 and a two-hundred day moving average of $11.23. Spring Valley Acquisition Corp. II has a 52-week low of $10.81 and a 52-week high of $11.70.

Institutional Trading of Spring Valley Acquisition Corp. II

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Spartan Fund Management Inc. boosted its holdings in shares of Spring Valley Acquisition Corp. II by 3,239.1% in the third quarter. Spartan Fund Management Inc. now owns 51,856 shares of the company’s stock valued at $583,000 after purchasing an additional 50,303 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Spring Valley Acquisition Corp. II by 0.3% in the 3rd quarter. Verition Fund Management LLC now owns 352,343 shares of the company’s stock worth $3,957,000 after buying an additional 1,150 shares during the period. Cowen AND Company LLC lifted its holdings in shares of Spring Valley Acquisition Corp. II by 15.7% in the 2nd quarter. Cowen AND Company LLC now owns 407,731 shares of the company’s stock worth $4,534,000 after buying an additional 55,238 shares during the period. Quarry LP grew its position in shares of Spring Valley Acquisition Corp. II by 863.1% during the 3rd quarter. Quarry LP now owns 613,725 shares of the company’s stock worth $6,895,000 after buying an additional 550,000 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Spring Valley Acquisition Corp. II by 14.9% during the third quarter. Wolverine Asset Management LLC now owns 730,595 shares of the company’s stock valued at $8,207,000 after buying an additional 94,579 shares during the period. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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.