Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) Shares Shorted: Short Interest Up 77.3% in September

Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,097 shares, an increase of 77.3% from the September 15th total of 1,183 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 94,765 shares, the short-interest ratio is currently 0.0 days.

Silicon Valley Acquisition Price Performance

Shares of SVAQ traded up $0.01 during mid-day trading on Friday, reaching $10.16. The company’s stock had a trading volume of 385 shares, compared to its average volume of 92,462. The business has a fifty day moving average of $10.09 and a 200 day moving average of $10.01. Silicon Valley Acquisition has a 1 year low of $9.86 and a 1 year high of $10.20.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Silicon Valley Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Silicon Valley Acquisition currently has a consensus rating of “Sell”.

About Silicon Valley Acquisition

Silicon Valley Acquisition Corp. is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with a private company. Unlike an operating business, the company does not manufacture products or provide ongoing commercial services of its own.

Its principal activity is evaluating potential merger, acquisition, or other business-combination opportunities and seeking shareholder approval for a transaction. Until a transaction is completed, its operations are generally limited to organizing the proposed combination, maintaining its public-company structure, and managing funds held for that purpose.

Publicly available information about Silicon Valley Acquisition Corp.’s specific target industries, geographic markets, products, and executive leadership is limited.