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 during the month of 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. Based on an average trading volume of 87,261 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on Spring Valley Acquisition Corp. IV in a research note on Friday, May 29th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Spring Valley Acquisition Corp. IV Stock Up 0.4%

NASDAQ SVIV traded up $0.04 during trading hours on Tuesday, reaching $10.17. The stock had a trading volume of 4,062 shares, compared to its average volume of 50,524. The company’s fifty day moving average is $9.98. Spring Valley Acquisition Corp. IV has a 52-week low of $9.55 and a 52-week high of $10.80.

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.