Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNAD) Short Interest Up 200.0% in May

Social Capital Suvretta Holdings Corp. IV (NASDAQ:DNADGet Rating) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 300 shares, a growth of 200.0% from the April 30th total of 100 shares. Based on an average daily volume of 82,700 shares, the days-to-cover ratio is currently 0.0 days.

Large investors have recently added to or reduced their stakes in the stock. Condor Capital Management purchased a new stake in Social Capital Suvretta Holdings Corp. IV in the fourth quarter worth about $54,000. Penserra Capital Management LLC purchased a new stake in Social Capital Suvretta Holdings Corp. IV in the fourth quarter worth about $55,000. PenderFund Capital Management Ltd. purchased a new stake in Social Capital Suvretta Holdings Corp. IV in the fourth quarter worth about $79,000. Captrust Financial Advisors purchased a new stake in Social Capital Suvretta Holdings Corp. IV in the third quarter worth about $187,000. Finally, Whitefort Capital Management LP purchased a new stake in Social Capital Suvretta Holdings Corp. IV in the fourth quarter worth about $196,000. 97.59% of the stock is owned by institutional investors.

NASDAQ:DNAD opened at $9.70 on Thursday. Social Capital Suvretta Holdings Corp. IV has a 1-year low of $9.60 and a 1-year high of $10.19. The company has a 50-day moving average of $9.72 and a 200 day moving average of $9.76.

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

Social Capital Suvretta Holdings Corp. IV 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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