Short Interest in Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) Rises By 66.1%

Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD – Get Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,110,000 shares, a growth of 66.1% from the April 30th total of 668,400 shares. Based on an average trading volume of 519,400 shares, the short-interest ratio is currently 2.1 days. Approximately 2.4% of the company’s shares are sold short.

IPOD stock traded up $0.02 during midday trading on Friday, reaching $9.98. 120,543 shares of the company’s stock traded hands, compared to its average volume of 480,553. Social Capital Hedosophia Holdings Corp. IV has a fifty-two week low of $9.77 and a fifty-two week high of $10.82. The business has a 50-day moving average price of $10.07 and a two-hundred day moving average price of $10.09.

Hedge funds have recently made changes to their positions in the business. Beryl Capital Management LLC raised its stake in shares of Social Capital Hedosophia Holdings Corp. IV by 1.2% during the third quarter. Beryl Capital Management LLC now owns 271,046 shares of the company’s stock valued at $2,744,000 after purchasing an additional 3,197 shares during the period. Qube Research & Technologies Ltd bought a new stake in shares of Social Capital Hedosophia Holdings Corp. IV in the first quarter worth $60,000. Marathon Trading Investment Management LLC increased its stake in Social Capital Hedosophia Holdings Corp. IV by 5.3% during the fourth quarter. Marathon Trading Investment Management LLC now owns 149,502 shares of the company’s stock valued at $1,528,000 after purchasing an additional 7,500 shares during the last quarter. Walleye Trading LLC increased its stake in Social Capital Hedosophia Holdings Corp. IV by 9.5% during the fourth quarter. Walleye Trading LLC now owns 111,233 shares of the company’s stock valued at $1,137,000 after purchasing an additional 9,650 shares during the last quarter. Finally, Arena Capital Advisors LLC CA bought a new stake in Social Capital Hedosophia Holdings Corp. IV during the third quarter valued at $115,000. 45.20% of the stock is currently owned by hedge funds and other institutional investors.

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

Social Capital Hedosophia 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 technology industries. Social Capital Hedosophia Holdings Corp.

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