SRIVARU Holding Limited (NASDAQ:SVMH) Sees Significant Drop in Short Interest

SRIVARU Holding Limited (NASDAQ:SVMH) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 417,000 shares, a decline of 26.8% from the May 31st total of 569,300 shares. Based on an average daily trading volume, of 6,450,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.2% of the company’s stock are sold short.

SRIVARU Price Performance

SRIVARU stock remained flat at $0.18 during midday trading on Friday. The company had a trading volume of 599,922 shares, compared to its average volume of 16,895,548. SRIVARU has a 1 year low of $0.11 and a 1 year high of $0.84. The business’s 50 day moving average is $0.18 and its two-hundred day moving average is $0.23.

About SRIVARU

Mobiv Acquisition Corp is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Mobiv Acquisition Corp is based in Newark, Delaware.