Short Interest in SILVERspac Inc. (NASDAQ:SLVR) Declines By 54.9%

SILVERspac Inc. (NASDAQ:SLVRGet Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 5,500 shares, a decline of 54.9% from the April 15th total of 12,200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 87,300 shares, the days-to-cover ratio is presently 0.1 days.

Shares of SILVERspac stock opened at $9.68 on Friday. SILVERspac has a 12-month low of $8.71 and a 12-month high of $10.89. The stock’s fifty day moving average is $9.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in shares of SILVERspac in the fourth quarter worth about $406,000. Whitebox Advisors LLC acquired a new position in SILVERspac in the 4th quarter worth approximately $484,000. Bank of America Corp DE purchased a new position in SILVERspac during the 4th quarter worth approximately $977,000. Cubist Systematic Strategies LLC purchased a new position in SILVERspac during the 4th quarter worth approximately $1,334,000. Finally, JPMorgan Chase & Co. acquired a new stake in SILVERspac during the 1st quarter valued at $1,776,000.

About SILVERspac (Get Rating)

SILVERspac Inc intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to concentrate on identifying businesses that provide technology and innovation solutions to the real estate and financial services industries, as well as concentrate on identifying enterprise technology companies that sell into the real estate and financial services sectors.

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