Screaming Eagle Acquisition Corp. (NASDAQ:SCRM – Get Rating) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 34,900 shares, a growth of 79.9% from the January 15th total of 19,400 shares. Based on an average daily volume of 235,900 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Marshall Wace LLP increased its holdings in shares of Screaming Eagle Acquisition by 20.7% in the third quarter. Marshall Wace LLP now owns 2,333,385 shares of the company's stock valued at $22,588,000 after purchasing an additional 400,000 shares during the period. Taconic Capital Advisors LP increased its holdings in shares of Screaming Eagle Acquisition by 131.9% in the third quarter. Taconic Capital Advisors LP now owns 2,319,005 shares of the company's stock valued at $22,448,000 after purchasing an additional 1,319,005 shares during the period. Millennium Management LLC increased its holdings in shares of Screaming Eagle Acquisition by 80.0% in the second quarter. Millennium Management LLC now owns 2,250,000 shares of the company's stock valued at $21,578,000 after purchasing an additional 1,000,000 shares during the period. Aristeia Capital LLC acquired a new stake in Screaming Eagle Acquisition during the third quarter worth about $16,944,000. Finally, Prelude Capital Management LLC acquired a new stake in Screaming Eagle Acquisition during the third quarter worth about $14,505,000.
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Screaming Eagle Acquisition Stock Up 0.3 %
Shares of SCRM stock traded up $0.03 during mid-day trading on Friday, reaching $10.07. The stock had a trading volume of 11,263 shares, compared to its average volume of 311,092. The business's fifty day moving average is $9.96 and its 200-day moving average is $9.81. Screaming Eagle Acquisition has a 1-year low of $9.45 and a 1-year high of $11.49.
About Screaming Eagle Acquisition
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Screaming Eagle Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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