SRIVARU (NASDAQ:SVMH) Stock Price Down 23.3% – Here’s What Happened

SRIVARU Holding Limited (NASDAQ:SVMHGet Free Report) dropped 23.3% during trading on Monday . The company traded as low as $0.59 and last traded at $0.66. Approximately 6,740,528 shares traded hands during mid-day trading, an increase of 454% from the average daily volume of 1,216,763 shares. The stock had previously closed at $0.86.

SRIVARU Price Performance

The company’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $1.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SRIVARU stock. Renaissance Technologies LLC bought a new stake in SRIVARU Holding Limited (NASDAQ:SVMHFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,931,021 shares of the company’s stock, valued at approximately $165,000. Renaissance Technologies LLC owned approximately 45.34% of SRIVARU as of its most recent SEC filing. Institutional investors and hedge funds own 6.67% of the company’s stock.

SRIVARU Company Profile

(Get Free Report)

Mobiv Acquisition Corp is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Mobiv Acquisition Corp is based in Newark, Delaware.

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