Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) Sees Significant Decrease in Short Interest

Silicon Valley Acquisition Corp. (NASDAQ:SVAQGet Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 779 shares, a drop of 76.7% from the July 30th total of 3,348 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 35,494 shares, the short-interest ratio is presently 0.0 days.

Silicon Valley Acquisition Stock Performance

Shares of NASDAQ:SVAQ remained flat at $10.04 during trading on Thursday. 962 shares of the stock were exchanged, compared to its average volume of 79,563. The stock’s fifty day moving average is $10.05. Silicon Valley Acquisition has a 12 month low of $9.86 and a 12 month high of $10.16.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Silicon Valley Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Silicon Valley Acquisition presently has an average rating of “Sell”.

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Silicon Valley Acquisition Company Profile

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Silicon Valley Acquisition Corp is a blank check company.

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