Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNAD) Short Interest Down 35.0% in April

Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNADGet Rating) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,300 shares, a decline of 35.0% from the March 31st total of 2,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 92,600 shares, the short-interest ratio is presently 0.0 days.

Several institutional investors have recently modified their holdings of DNAD. Sculptor Capital LP lifted its holdings in Social Capital Suvretta Holdings Corp. IV by 73.9% in the third quarter. Sculptor Capital LP now owns 1,304,142 shares of the company’s stock valued at $12,794,000 after acquiring an additional 554,142 shares during the last quarter. Captrust Financial Advisors acquired a new position in Social Capital Suvretta Holdings Corp. IV in the third quarter valued at approximately $187,000. Marshall Wace LLP lifted its holdings in Social Capital Suvretta Holdings Corp. IV by 2.9% in the third quarter. Marshall Wace LLP now owns 140,174 shares of the company’s stock valued at $1,375,000 after acquiring an additional 4,010 shares during the last quarter. Glazer Capital LLC lifted its holdings in Social Capital Suvretta Holdings Corp. IV by 29.1% in the third quarter. Glazer Capital LLC now owns 548,843 shares of the company’s stock valued at $5,384,000 after acquiring an additional 123,843 shares during the last quarter. Finally, Periscope Capital Inc. lifted its holdings in Social Capital Suvretta Holdings Corp. IV by 19.0% in the third quarter. Periscope Capital Inc. now owns 297,487 shares of the company’s stock valued at $2,918,000 after acquiring an additional 47,487 shares during the last quarter. Institutional investors and hedge funds own 97.18% of the company’s stock.

Shares of Social Capital Suvretta Holdings Corp. IV stock opened at $9.73 on Friday. The stock’s 50 day simple moving average is $9.71 and its 200-day simple moving average is $9.78. Social Capital Suvretta Holdings Corp. IV has a 1-year low of $9.60 and a 1-year high of $10.19.

About Social Capital Suvretta Holdings Corp. IV (Get Rating)

Social Capital Suvretta Holdings Corp. 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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