Screaming Eagle Acquisition Corp. (NASDAQ:SCRM – Get Rating) was the target of a large drop in short interest in December. As of December 30th, there was short interest totalling 11,500 shares, a drop of 38.8% from the December 15th total of 18,800 shares. Based on an average daily volume of 211,300 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SCRM. JPMorgan Chase & Co. purchased a new position in Screaming Eagle Acquisition in the 1st quarter worth approximately $1,916,000. Spring Creek Capital LLC purchased a new stake in shares of Screaming Eagle Acquisition during the 1st quarter valued at approximately $4,865,000. Penserra Capital Management LLC purchased a new stake in shares of Screaming Eagle Acquisition during the 1st quarter valued at approximately $66,000. Royal Bank of Canada purchased a new stake in shares of Screaming Eagle Acquisition during the 1st quarter valued at approximately $1,278,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Screaming Eagle Acquisition during the 1st quarter valued at approximately $2,919,000.
Get Screaming Eagle Acquisition alerts:Screaming Eagle Acquisition Trading Up 0.2 %
SCRM traded up $0.02 during trading on Wednesday, reaching $9.98. The company's stock had a trading volume of 600 shares, compared to its average volume of 233,411. The firm has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $9.76. Screaming Eagle Acquisition has a 1 year low of $9.45 and a 1 year high of $10.35.
Screaming Eagle Acquisition Company Profile
(Get Rating)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.
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