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Screaming Eagle Acquisition Corp. (NASDAQ:SCRMW) Sees Significant Decrease in Short Interest

Defense World ·  Mar 13, 2023 01:23

Screaming Eagle Acquisition Corp. (NASDAQ:SCRMW – Get Rating) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,600 shares, a decline of 11.1% from the February 13th total of 1,800 shares. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.0 days.

Screaming Eagle Acquisition Stock Performance

Shares of SCRMW opened at $0.23 on Monday. Screaming Eagle Acquisition has a 52-week low of $0.17 and a 52-week high of $0.80. The business's fifty day simple moving average is $0.25.

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Institutional Investors Weigh In On Screaming Eagle Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Q Global Advisors LLC purchased a new position in shares of Screaming Eagle Acquisition during the 4th quarter worth $133,000. Cowen AND Company LLC raised its holdings in shares of Screaming Eagle Acquisition by 976.3% during the 4th quarter. Cowen AND Company LLC now owns 543,953 shares of the company's stock worth $128,000 after acquiring an additional 493,415 shares during the period. Exos TFP Holdings LLC raised its holdings in shares of Screaming Eagle Acquisition by 48.0% during the 4th quarter. Exos TFP Holdings LLC now owns 397,801 shares of the company's stock worth $94,000 after acquiring an additional 128,994 shares during the period. Westchester Capital Management LLC purchased a new position in shares of Screaming Eagle Acquisition during the 3rd quarter worth $67,000. Finally, Shaolin Capital Management LLC raised its holdings in shares of Screaming Eagle Acquisition by 46.5% during the 4th quarter. Shaolin Capital Management LLC now owns 219,754 shares of the company's stock worth $52,000 after acquiring an additional 69,754 shares during the period.

Further Reading

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