Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA – Get Rating) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,600 shares, a growth of 50.0% from the November 15th total of 2,400 shares. Based on an average trading volume of 20,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SCMA. Royal Bank of Canada acquired a new position in Seaport Calibre Materials Acquisition during the 1st quarter worth about $349,000. Landscape Capital Management L.L.C. acquired a new position in Seaport Calibre Materials Acquisition during the 3rd quarter worth about $350,000. Berkley W R Corp acquired a new position in Seaport Calibre Materials Acquisition during the 1st quarter worth about $496,000. Karpus Management Inc. acquired a new position in Seaport Calibre Materials Acquisition during the 1st quarter worth about $496,000. Finally, Calamos Advisors LLC acquired a new position in shares of Seaport Calibre Materials Acquisition in the 3rd quarter valued at about $1,502,000. 69.64% of the stock is owned by institutional investors and hedge funds.

Seaport Calibre Materials Acquisition Trading Up 0.2 %

SCMA stock traded up $0.02 during midday trading on Tuesday, reaching $10.16. 2,039 shares of the stock were exchanged, compared to its average volume of 3,933. Seaport Calibre Materials Acquisition has a 52 week low of $9.72 and a 52 week high of $10.16. The company has a fifty day moving average price of $10.09 and a 200 day moving average price of $10.03.

Seaport Calibre Materials Acquisition Company Profile

Seaport Calibre Materials Acquisition Corp. does not have significant operations. It intends to effect 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.

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