SILVERspac Inc. (NASDAQ:SLVRW – Get Rating) was the target of a large increase in short interest in August. As of August 15th, there was short interest totalling 1,700 shares, an increase of 21.4% from the July 31st total of 1,400 shares. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On SILVERspac
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLVRW. Saba Capital Management L.P. purchased a new stake in SILVERspac in the 1st quarter worth approximately $89,000. Q Global Advisors LLC increased its stake in shares of 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 purchasing an additional 63,396 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of SILVERspac during the 1st quarter worth $62,000. Finally, Linden Advisors LP increased its stake in shares of SILVERspac by 21.0% during the 2nd quarter. Linden Advisors LP now owns 664,912 shares of the company's stock worth $164,000 after purchasing an additional 115,514 shares during the last quarter.
Get SILVERspac alerts:SILVERspac Price Performance
SLVRW stock opened at $0.20 on Tuesday. SILVERspac has a 12-month low of $0.12 and a 12-month high of $1.00. The business has a 50 day moving average of $0.23.
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