Social Capital Suvretta Holdings Corp. I (NASDAQ:DNAA) Short Interest Down 46.4% in March

Social Capital Suvretta Holdings Corp. I (NASDAQ:DNAAGet Rating) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 277,500 shares, a decrease of 46.4% from the March 15th total of 517,400 shares. Based on an average daily volume of 263,600 shares, the days-to-cover ratio is currently 1.1 days.

Hedge funds have recently bought and sold shares of the business. Morgan Stanley acquired a new position in shares of Social Capital Suvretta Holdings Corp. I during the 2nd quarter worth about $72,216,000. JPMorgan Chase & Co. raised its stake in Social Capital Suvretta Holdings Corp. I by 22,883.5% in the fourth quarter. JPMorgan Chase & Co. now owns 581,482 shares of the company’s stock valued at $5,774,000 after buying an additional 578,952 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Social Capital Suvretta Holdings Corp. I in the third quarter valued at approximately $3,980,000. Credit Suisse AG bought a new position in shares of Social Capital Suvretta Holdings Corp. I during the 3rd quarter worth approximately $2,985,000. Finally, Fifth Lane Capital LP acquired a new position in shares of Social Capital Suvretta Holdings Corp. I during the 4th quarter worth approximately $1,986,000.

Shares of NASDAQ DNAA traded up $0.07 during mid-day trading on Friday, hitting $9.95. The company had a trading volume of 1,383 shares, compared to its average volume of 64,020. The firm has a 50-day simple moving average of $9.88 and a two-hundred day simple moving average of $9.88. Social Capital Suvretta Holdings Corp. I has a one year low of $9.59 and a one year high of $10.15.

Social Capital Suvretta Holdings Corp. I Company Profile (Get Rating)

Social Capital Suvretta Holdings Corp. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the biotechnology industry. The company was incorporated in 2021 and is based in Henderson, Nevada.

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