Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) Sees Large Growth in Short Interest

Social Capital Suvretta Holdings Corp. II (NASDAQ:DNAB) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 514,800 shares, an increase of 4,756.6% from the September 15th total of 10,600 shares. Based on an average daily volume of 102,500 shares, the short-interest ratio is presently 5.0 days.

Shares of DNAB opened at $9.81 on Thursday. Social Capital Suvretta Holdings Corp. II has a 52-week low of $9.70 and a 52-week high of $10.35. The firm has a fifty day simple moving average of $9.80.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC boosted its holdings in shares of Social Capital Suvretta Holdings Corp. II by 100,052.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 100,152 shares of the company’s stock valued at $989,000 after acquiring an additional 100,052 shares in the last quarter. HBK Investments L P acquired a new stake in shares of Social Capital Suvretta Holdings Corp. II during the 2nd quarter valued at $4,048,000. Marshall Wace LLP acquired a new stake in shares of Social Capital Suvretta Holdings Corp. II during the 2nd quarter valued at $506,000. Morgan Stanley acquired a new stake in shares of Social Capital Suvretta Holdings Corp. II during the 2nd quarter valued at $80,393,000. Finally, Walleye Capital LLC acquired a new stake in shares of Social Capital Suvretta Holdings Corp. II during the 2nd quarter valued at $648,000.

About Social Capital Suvretta Holdings Corp. II

Social Capital Suvretta Holdings Corp. II intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to pursue an initial business combination target in any subsector within the biotechnology industry.

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