Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA – Get Rating) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 2,400 shares, a decrease of 29.4% from the October 31st total of 3,400 shares. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 0.1 days.

Seaport Calibre Materials Acquisition Price Performance

Shares of SCMA stock remained flat at $10.13 during mid-day trading on Wednesday. Seaport Calibre Materials Acquisition has a 1-year low of $9.72 and a 1-year high of $10.14. The business's fifty day moving average price is $10.07 and its 200-day moving average price is $10.02.

Institutional Trading of Seaport Calibre Materials Acquisition

A number of hedge funds have recently added to or reduced their stakes in SCMA. Royal Bank of Canada bought a new position in Seaport Calibre Materials Acquisition in the first quarter worth approximately $349,000. Landscape Capital Management L.L.C. purchased a new position in shares of Seaport Calibre Materials Acquisition in the 3rd quarter valued at $350,000. Berkley W R Corp bought a new position in shares of Seaport Calibre Materials Acquisition in the 1st quarter worth $496,000. Karpus Management Inc. purchased a new stake in shares of Seaport Calibre Materials Acquisition during the 1st quarter worth $496,000. Finally, Calamos Advisors LLC bought a new stake in Seaport Calibre Materials Acquisition during the third quarter valued at about $1,502,000. 69.64% of the stock is owned by hedge funds and other institutional investors.

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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