Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) Short Interest Down 23.9% in April


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Social Capital Hedosophia Holdings Corp. IV (NYSE:IPOD) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 528,700 shares, a decline of 23.9% from the March 31st total of 694,500 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is presently 0.4 days.

A number of hedge funds have recently added to or reduced their stakes in the stock. Tuttle Tactical Management acquired a new position in Social Capital Hedosophia Holdings Corp. IV in the fourth quarter worth $628,000. Griffin Asset Management Inc. bought a new position in shares of Social Capital Hedosophia Holdings Corp. IV in the fourth quarter valued at about $146,000. Wells Fargo & Company MN bought a new stake in Social Capital Hedosophia Holdings Corp. IV during the 4th quarter worth about $63,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Social Capital Hedosophia Holdings Corp. IV in the fourth quarter worth about $518,000. Finally, Silver Rock Financial LP bought a new stake in shares of Social Capital Hedosophia Holdings Corp. IV during the fourth quarter valued at approximately $293,000.

Shares of IPOD traded up $0.01 during trading hours on Tuesday, hitting $10.64. The stock had a trading volume of 425,120 shares, compared to its average volume of 1,350,584. The company’s fifty day moving average price is $11.21. Social Capital Hedosophia Holdings Corp. IV has a 52 week low of $10.38 and a 52 week high of $18.31.

About Social Capital Hedosophia Holdings Corp. IV

Social Capital Hedosophia Holdings Corp. IV intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries. The company was founded in 2020 and is based in Palo Alto, California.

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