Short Interest in Starboard Value Acquisition Corp. (NASDAQ:SVAC) Grows By 77.7%

Starboard Value Acquisition Corp. (NASDAQ:SVAC) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 52,017 shares, an increase of 77.7% from the April 15th total of 29,276 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 177,519 shares, the short-interest ratio is currently 0.3 days.

Starboard Value Acquisition Stock Performance

Shares of SVAC opened at $10.52 on Monday. Starboard Value Acquisition has a 12-month low of $10.03 and a 12-month high of $12.00. The company’s 50-day moving average price is $10.29 and its 200 day moving average price is $10.37.

Starboard Value Acquisition (NASDAQ:SVAC) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($13.80) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On Starboard Value Acquisition

Several institutional investors have recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in Starboard Value Acquisition in the 4th quarter valued at about $10,360,000. Alberta Investment Management Corp acquired a new position in shares of Starboard Value Acquisition during the fourth quarter worth about $10,150,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in Starboard Value Acquisition in the fourth quarter valued at approximately $10,150,000. Fort Baker Capital Management LP acquired a new stake in Starboard Value Acquisition in the fourth quarter valued at approximately $9,648,000. Finally, AQR Arbitrage LLC acquired a new position in Starboard Value Acquisition during the 4th quarter worth approximately $9,481,000.

About Starboard Value Acquisition

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.