Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA – Get Rating) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 2,900 shares, a decrease of 91.1% from the December 31st total of 32,600 shares. Based on an average daily trading volume, of 26,400 shares, the short-interest ratio is presently 0.1 days.

Seaport Calibre Materials Acquisition Stock Performance

Seaport Calibre Materials Acquisition stock traded up $0.04 during mid-day trading on Thursday, hitting $10.33. The company had a trading volume of 39,094 shares, compared to its average volume of 57,831. Seaport Calibre Materials Acquisition has a 1 year low of $9.83 and a 1 year high of $10.60. The business has a fifty day moving average of $10.19 and a 200 day moving average of $10.08.

Hedge Funds Weigh In On Seaport Calibre Materials Acquisition

Several hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC increased its stake in Seaport Calibre Materials Acquisition by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 226,477 shares of the company's stock valued at $2,262,000 after purchasing an additional 12,777 shares during the last quarter. Bank of Montreal Can increased its stake in Seaport Calibre Materials Acquisition by 2.7% in the third quarter. Bank of Montreal Can now owns 821,900 shares of the company's stock valued at $8,252,000 after purchasing an additional 21,900 shares during the last quarter. Royal Bank of Canada purchased a new position in Seaport Calibre Materials Acquisition in the first quarter valued at approximately $349,000. Landscape Capital Management L.L.C. purchased a new position in Seaport Calibre Materials Acquisition in the third quarter valued at approximately $350,000. Finally, Berkley W R Corp purchased a new position in shares of Seaport Calibre Materials Acquisition during the first quarter worth approximately $496,000. 72.10% of the stock is currently owned by hedge funds and other institutional investors.

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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