Screaming Eagle Acquisition Corp. (NASDAQ:SCRMU – Get Rating) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 3,900 shares, an increase of 875.0% from the November 30th total of 400 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 11,600 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Prelude Capital Management LLC lifted its position in Screaming Eagle Acquisition by 2,081.4% during the 2nd quarter. Prelude Capital Management LLC now owns 2,000,928 shares of the company's stock valued at $19,200,000 after purchasing an additional 1,909,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Screaming Eagle Acquisition during the 1st quarter valued at about $12,875,000. Rivernorth Capital Management LLC acquired a new stake in shares of Screaming Eagle Acquisition in the 1st quarter valued at approximately $6,628,000. Wealthspring Capital LLC raised its position in shares of Screaming Eagle Acquisition by 0.5% in the 3rd quarter. Wealthspring Capital LLC now owns 510,524 shares of the company's stock valued at $4,979,000 after acquiring an additional 2,600 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Screaming Eagle Acquisition in the 1st quarter valued at approximately $4,375,000.
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Screaming Eagle Acquisition Trading Down 0.1 %
Shares of SCRMU traded down $0.02 during trading hours on Friday, hitting $10.07. 2,003 shares of the stock traded hands, compared to its average volume of 109,926. Screaming Eagle Acquisition has a 1-year low of $9.63 and a 1-year high of $10.51. The business has a fifty day moving average of $9.94 and a 200-day moving average of $9.82.
About Screaming Eagle Acquisition
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Screaming Eagle Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
Further Reading
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