SILVERspac Inc. (NASDAQ:SLVRW – Get Rating) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 1,400 shares, a growth of 133.3% from the July 15th total of 600 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.2 days.

SILVERspac Price Performance

NASDAQ SLVRW traded down $0.03 during trading on Thursday, reaching $0.20. 38,919 shares of the company's stock were exchanged, compared to its average volume of 14,688. The stock has a 50 day simple moving average of $0.25. SILVERspac has a 1 year low of $0.12 and a 1 year high of $1.00.

Institutional Trading of SILVERspac

A number of institutional investors have recently bought and sold shares of SLVRW. Q Global Advisors LLC lifted its holdings in SILVERspac by 215.6% during the 1st quarter. Q Global Advisors LLC now owns 92,796 shares of the company's stock worth $36,000 after buying an additional 63,396 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new stake in SILVERspac during the 1st quarter worth about $62,000. Finally, Saba Capital Management L.P. purchased a new stake in SILVERspac during the 1st quarter worth about $89,000.

Further Reading

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