Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA – Get Rating) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 3,400 shares, a decrease of 97.4% from the October 15th total of 129,000 shares. Based on an average daily trading volume, of 29,500 shares, the days-to-cover ratio is currently 0.1 days.

Seaport Calibre Materials Acquisition Stock Performance

Shares of Seaport Calibre Materials Acquisition stock remained flat at $10.10 during trading hours on Friday. Seaport Calibre Materials Acquisition has a fifty-two week low of $9.72 and a fifty-two week high of $10.14. The company has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $10.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada purchased a new position in shares of Seaport Calibre Materials Acquisition during the 1st quarter worth $349,000. Landscape Capital Management L.L.C. purchased a new position in shares of Seaport Calibre Materials Acquisition in the 3rd quarter worth $350,000. Berkley W R Corp purchased a new position in shares of Seaport Calibre Materials Acquisition in the 1st quarter worth $496,000. Karpus Management Inc. purchased a new position in shares of Seaport Calibre Materials Acquisition in the 1st quarter worth $496,000. Finally, Calamos Advisors LLC purchased a new position in shares of Seaport Calibre Materials Acquisition in the 3rd quarter worth $1,502,000. Hedge funds and other institutional investors own 69.64% of the company's stock.

About Seaport Calibre Materials Acquisition

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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