Spring Valley Acquisition Corp. IV (NASDAQ:SVIV) Short Interest Down 92.6% in May

Spring Valley Acquisition Corp. IV (NASDAQ:SVIV) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 464 shares, a decline of 92.6% from the May 14th total of 6,305 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 87,261 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Spring Valley Acquisition Corp. IV in a report on Friday, May 29th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Spring Valley Acquisition Corp. IV has an average rating of “Sell”.

Spring Valley Acquisition Corp. IV Stock Performance

Shares of SVIV stock traded up $0.04 during trading hours on Tuesday, reaching $10.17. 4,062 shares of the company’s stock were exchanged, compared to its average volume of 50,524. Spring Valley Acquisition Corp. IV has a 1 year low of $9.55 and a 1 year high of $10.80. The firm has a fifty day moving average price of $9.98.

About Spring Valley Acquisition Corp. IV

Spring Valley Acquisition Corp IV is a blank check company established for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.