SVF Investment Corp. (NASDAQ:SVFA) Short Interest Up 31.5% in March

SVF Investment Corp. (NASDAQ:SVFAGet Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 326,300 shares, an increase of 31.5% from the March 15th total of 248,200 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 215,900 shares, the short-interest ratio is currently 1.5 days.

SVFA opened at $9.86 on Monday. The business has a 50 day simple moving average of $9.80. SVF Investment has a 12 month low of $9.67 and a 12 month high of $10.88.

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in SVF Investment by 160.0% in the 3rd quarter. Royal Bank of Canada now owns 3,250 shares of the company’s stock valued at $32,000 after purchasing an additional 2,000 shares during the period. FNY Investment Advisers LLC boosted its holdings in SVF Investment by 160.0% in the 4th quarter. FNY Investment Advisers LLC now owns 3,900 shares of the company’s stock valued at $39,000 after purchasing an additional 2,400 shares during the period. Rockefeller Capital Management L.P. bought a new position in SVF Investment in the 4th quarter valued at $25,000. Morgan Stanley boosted its holdings in SVF Investment by 259.6% in the 2nd quarter. Morgan Stanley now owns 6,814 shares of the company’s stock valued at $67,000 after purchasing an additional 4,919 shares during the period. Finally, Bank of America Corp DE boosted its holdings in SVF Investment by 1.1% in the 4th quarter. Bank of America Corp DE now owns 519,500 shares of the company’s stock valued at $5,216,000 after purchasing an additional 5,500 shares during the period. 39.31% of the stock is owned by hedge funds and other institutional investors.

SVF Investment Company Profile (Get Rating)

SVF Investment Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in San Carlos, California.

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