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

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

Starboard Value Acquisition Stock Performance

NASDAQ SVAC opened at $10.52 on Monday. Starboard Value Acquisition has a 52 week low of $10.03 and a 52 week high of $12.00. The firm has a 50 day moving average of $10.29 and a two-hundred day moving average of $10.37.

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

Hedge Funds Weigh In On Starboard Value Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gritstone Asset Management LLC acquired a new position in Starboard Value Acquisition in the fourth quarter valued at approximately $1,015,000. Wealthspring Capital LLC acquired a new position in Starboard Value Acquisition in the fourth quarter valued at approximately $4,080,000. First Trust Capital Management L.P. acquired a new position in Starboard Value Acquisition in the third quarter valued at approximately $3,466,000. Berkley W R Corp acquired a new position in Starboard Value Acquisition in the fourth quarter valued at approximately $2,014,000. Finally, DLD Asset Management LP acquired a new position in Starboard Value Acquisition in the fourth quarter valued at approximately $1,041,000.

Starboard Value Acquisition Company Profile

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.