SILVERspac Inc. (NASDAQ:SLVR – Get Rating) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 2,600 shares, a decline of 55.2% from the September 30th total of 5,800 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 61,700 shares, the days-to-cover ratio is currently 0.0 days.
SILVERspac Trading Up 0.1 %
SLVR stock traded up $0.01 during mid-day trading on Friday, reaching $9.85. The company's stock had a trading volume of 90,007 shares, compared to its average volume of 162,336. The business's 50 day moving average price is $9.78 and its 200 day moving average price is $9.72. SILVERspac has a 12 month low of $8.71 and a 12 month high of $10.89.
Get SILVERspac alerts:Institutional Investors Weigh In On SILVERspac
Hedge funds have recently added to or reduced their stakes in the business. Clear Street LLC bought a new stake in SILVERspac in the second quarter worth approximately $27,000. Virtu Financial LLC acquired a new stake in SILVERspac in the first quarter valued at approximately $169,000. Bank of Montreal Can acquired a new stake in SILVERspac in the second quarter valued at approximately $297,000. UBS Group AG grew its stake in SILVERspac by 55,401.5% in the first quarter. UBS Group AG now owns 111,003 shares of the company's stock valued at $1,072,000 after acquiring an additional 110,803 shares during the period. Finally, Basso Capital Management L.P. acquired a new stake in SILVERspac in the first quarter valued at approximately $1,209,000.
About SILVERspac
(Get Rating)SILVERspac Inc does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to concentrate on identifying businesses that provide technology and innovation solutions to the real estate and financial services industries, as well as concentrate on identifying enterprise technology companies that sell into the real estate and financial services sectors.
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