Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA – Get Rating) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 5,300 shares, a decrease of 48.0% from the August 15th total of 10,200 shares. Based on an average trading volume of 36,800 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Seaport Calibre Materials Acquisition
Several hedge funds and other institutional investors have recently made changes to their positions in SCMA. Westchester Capital Management LLC raised its holdings in shares of Seaport Calibre Materials Acquisition by 140.7% during the 2nd quarter. Westchester Capital Management LLC now owns 216,594 shares of the company's stock worth $2,153,000 after acquiring an additional 126,594 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Seaport Calibre Materials Acquisition by 646.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 417,249 shares of the company's stock valued at $4,168,000 after buying an additional 361,336 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Seaport Calibre Materials Acquisition by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 226,477 shares of the company's stock worth $2,262,000 after buying an additional 12,777 shares during the last quarter. Royal Bank of Canada purchased a new stake in shares of Seaport Calibre Materials Acquisition during the 1st quarter valued at approximately $349,000. Finally, Radcliffe Capital Management L.P. lifted its holdings in Seaport Calibre Materials Acquisition by 50.0% in the first quarter. Radcliffe Capital Management L.P. now owns 300,000 shares of the company's stock valued at $2,978,000 after acquiring an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 69.64% of the company's stock.
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Seaport Calibre Materials Acquisition Stock Performance
SCMA stock remained flat at $10.02 during mid-day trading on Wednesday. 584 shares of the company's stock were exchanged, compared to its average volume of 90,625. The company's fifty day moving average price is $10.00 and its 200 day moving average price is $9.97. Seaport Calibre Materials Acquisition has a 12 month low of $9.72 and a 12 month high of $10.14.
About Seaport Calibre Materials Acquisition
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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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