Springwater Special Situations Corp. (NASDAQ:SWSS – Get Rating) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 9,200 shares, an increase of 91.7% from the September 30th total of 4,800 shares. Based on an average trading volume of 36,600 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Calamos Advisors LLC bought a new position in shares of Springwater Special Situations in the 3rd quarter valued at about $5,991,000. Centiva Capital LP bought a new position in shares of Springwater Special Situations in the 2nd quarter valued at about $130,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Springwater Special Situations by 5.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 765,125 shares of the company's stock worth $7,559,000 after buying an additional 37,993 shares during the period. Hartree Partners LP bought a new stake in shares of Springwater Special Situations during the 2nd quarter worth about $14,672,000. Finally, Blackstone Inc. bought a new stake in shares of Springwater Special Situations during the 1st quarter worth about $832,000. Institutional investors own 63.19% of the company's stock.
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Springwater Special Situations Price Performance
Shares of SWSS remained flat at $10.05 during midday trading on Friday. 1 shares of the stock were exchanged, compared to its average volume of 13,761. The company's 50 day simple moving average is $9.96 and its 200 day simple moving average is $9.91. Springwater Special Situations has a 52 week low of $9.75 and a 52 week high of $10.10.
Springwater Special Situations Company Profile
(Get Rating)
Springwater Special Situations Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.
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