Springwater Special Situations Corp. (NASDAQ:SWSS – Get Rating) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 9,100 shares, a decline of 92.2% from the November 30th total of 116,400 shares. Based on an average daily trading volume, of 16,300 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Springwater Special Situations

A number of hedge funds have recently bought and sold shares of the business. Cohanzick Management LLC purchased a new position in Springwater Special Situations in the 1st quarter worth about $25,000. Cubist Systematic Strategies LLC raised its position in Springwater Special Situations by 0.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 769,792 shares of the company's stock worth $7,667,000 after buying an additional 4,667 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Springwater Special Situations during the 3rd quarter valued at about $71,000. Centiva Capital LP purchased a new stake in shares of Springwater Special Situations during the 2nd quarter valued at about $130,000. Finally, Basso Capital Management L.P. increased its position in shares of Springwater Special Situations by 2,707.8% during the 1st quarter. Basso Capital Management L.P. now owns 25,270 shares of the company's stock valued at $249,000 after purchasing an additional 24,370 shares during the last quarter. Hedge funds and other institutional investors own 73.17% of the company's stock.

Springwater Special Situations Stock Performance

NASDAQ:SWSS remained flat at $10.13 during mid-day trading on Wednesday. The company's stock had a trading volume of 1,959 shares, compared to its average volume of 29,095. Springwater Special Situations has a fifty-two week low of $9.75 and a fifty-two week high of $10.13. The firm's 50-day simple moving average is $10.05 and its two-hundred day simple moving average is $9.97.

About Springwater Special Situations

Springwater Special Situations Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.

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