Spring Valley Acquisition Corp. (NASDAQ: S.V. – Get a rating) was the target of a sharp increase in short-term interest during the month of April. As of April 15, there was short interest totaling 346,400 shares, an increase of 175.4% from the total of 125,800 shares as of March 31. Based on an average daily volume of 601,500 shares, the short interest rate is currently 0.6 days. Approximately 1.6% of the company’s shares are sold short.
Shares of S.V. opened at $10.06 on Thursday. Spring Valley Acquisition has a one-year low of $8.56 and a one-year high of $11.23. The stock has a fifty-day moving average price of $10.25.
In other Spring Valley Acquisition news, Director William J. Quinn acquired 6,600 shares of Spring Valley Acquisition in a transaction that took place on Friday, April 22. The shares were acquired at an average price of $10.13 per share, with a total value of $66,858.00. Following the purchase, the director now owns 6,600 shares of the company, valued at $66,858. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink.
A number of institutional investors and hedge funds have recently changed their positions in SV. Advisor Group Holdings Inc. increased its holdings of Spring Valley Acquisition shares by 390.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,480 shares of the company worth $35,000 after purchasing an additional 2,770 shares during the period. Morgan Stanley bought a new stock position in Spring Valley Acquisition during Q1 worth about $50,000. Penserra Capital Management LLC increased its shareholding in Spring Valley Acquisition by 112.8% during the 4th quarter. Penserra Capital Management LLC now owns 10,161 shares of the company worth $101,000 after purchasing an additional 5,386 shares during the period. OMERS ADMINISTRATION Corp increased its equity stake in Spring Valley Acquisition by 25.9% during the third quarter. OMERS ADMINISTRATION Corp now owns 28,309 shares of the company worth $246,000 after purchasing an additional 5,825 shares during the period. Finally, Omni Partners US LLC increased its shareholding in Spring Valley Acquisition by 2.6% during the third quarter. Omni Partners US LLC now owns 311,679 shares of the company worth $2,708,000 after purchasing an additional 7,967 shares during the period. Hedge funds and other institutional investors own 59.73% of the company’s shares.
Spring Valley Acquisition Company Profile (Get a rating)
Spring Valley Acquisition Corp. has no significant activities. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses or entities in the alternative energy, including clean energy and storage, smart grid/efficiency, environmental services and recycling. , mobility, water and wastewater management, advanced materials and technological services.
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