Silvergate ticks higher amid speculation it could be a potential takeover candidate

Jun. 15, 2022 10:26 AM ETSilvergate Capital Corporation (SI)By: Joshua Fineman, SA News Editor3 Comments

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  • Silvergate Capital (NYSE:SI) ticked up 0.8% amid a report that speculated that the crypto bank could become a takeover target.
  • Silvergate (SI) was mentioned as a potential takeover play in a longer Dealreporter piece that looks at possible consolidation in the crypto space. The article discusses how their likely will consolidation among crypto exchanges.
  • Silvergate (SI) could be a possible target as its stock has dropped by two-thirds from November highs and it has a traditional banking license, according to the Dealreporter item.
  • Silvergate (SI) short interest is 11.5%.
  • On Monday, Crypto bank Silvergate Capital landed an overweight rating from Wells Fargo on rising rates.

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