Starboard Value Acquisition Corp. (NASDAQ:SVAC) Short Interest Update

Starboard Value Acquisition Corp. (NASDAQ:SVAC) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 105,327 shares, a growth of 287.3% from the June 15th total of 27,197 shares. Based on an average trading volume of 1,252,082 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings raised Starboard Value Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Starboard Value Acquisition Trading Up 6.5%

NASDAQ:SVAC traded up $0.59 during mid-day trading on Tuesday, hitting $9.71. The stock had a trading volume of 147,504 shares, compared to its average volume of 337,715. The company has a 50 day simple moving average of $10.26 and a 200-day simple moving average of $10.33. Starboard Value Acquisition has a 52 week low of $7.35 and a 52 week high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last posted its earnings results on Thursday, May 14th. The company reported ($13.80) EPS for the quarter.

Institutional Trading of Starboard Value Acquisition

Large investors have recently added to or reduced their stakes in the business. Gritstone Asset Management LLC bought a new stake in Starboard Value Acquisition during the 4th quarter valued at $1,015,000. Mint Tower Capital Management B.V. bought a new position in shares of Starboard Value Acquisition in the fourth quarter worth $4,568,000. Periscope Capital Inc. acquired a new position in shares of Starboard Value Acquisition during the fourth quarter valued at $4,823,000. MYDA Advisors LLC acquired a new position in shares of Starboard Value Acquisition during the fourth quarter valued at $723,000. Finally, Aristeia Capital L.L.C. bought a new stake in shares of Starboard Value Acquisition during the fourth quarter valued at about $3,552,000.

Starboard Value Acquisition Company Profile

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.