Starboard Value Acquisition Corp. (NASDAQ:SVAC) Short Interest Update

Starboard Value Acquisition Corp. (NASDAQ:SVAC) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 52,017 shares, a growth of 77.7% from the April 15th total of 29,276 shares. Based on an average daily volume of 177,519 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Starboard Value Acquisition

A number of institutional investors and hedge funds have recently made changes to their positions in SVAC. Picton Mahoney Asset Management purchased a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at approximately $10,360,000. Alberta Investment Management Corp purchased a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at approximately $10,150,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at approximately $10,150,000. Fort Baker Capital Management LP purchased a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at approximately $9,648,000. Finally, AQR Arbitrage LLC purchased a new stake in shares of Starboard Value Acquisition in the 4th quarter valued at approximately $9,481,000.

Starboard Value Acquisition Price Performance

Shares of SVAC stock opened at $10.50 on Wednesday. The firm’s 50-day moving average is $10.30 and its two-hundred day moving average is $10.37. Starboard Value Acquisition has a 12 month low of $10.03 and a 12 month high of $12.00.

Starboard Value Acquisition (NASDAQ:SVAC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($13.80) earnings per share (EPS) for the quarter.

About Starboard Value Acquisition

Starboard Value Acquisition Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2019 and is based in New York, New York.