Screaming Eagle Acquisition Corp. (NASDAQ:SCRM – Get Rating) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 39,900 shares, a growth of 63.5% from the February 28th total of 24,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 312,800 shares, the days-to-cover ratio is presently 0.1 days.

Screaming Eagle Acquisition Price Performance

Shares of Screaming Eagle Acquisition stock remained flat at $10.15 during mid-day trading on Tuesday. The company's stock had a trading volume of 845,890 shares, compared to its average volume of 380,248. The company has a fifty day moving average price of $10.08 and a 200-day moving average price of $9.92. Screaming Eagle Acquisition has a fifty-two week low of $9.58 and a fifty-two week high of $11.49.

Hedge Funds Weigh In On Screaming Eagle Acquisition

A number of hedge funds have recently made changes to their positions in SCRM. Penserra Capital Management LLC purchased a new stake in shares of Screaming Eagle Acquisition in the first quarter valued at approximately $66,000. Condor Capital Management purchased a new stake in shares of Screaming Eagle Acquisition in the second quarter valued at approximately $73,000. Robinson Capital Management LLC purchased a new stake in shares of Screaming Eagle Acquisition in the third quarter valued at approximately $116,000. Sage Mountain Advisors LLC lifted its holdings in Screaming Eagle Acquisition by 55.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 16,499 shares of the company's stock valued at $164,000 after acquiring an additional 5,899 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in Screaming Eagle Acquisition in the fourth quarter worth approximately $314,000.

Screaming Eagle Acquisition Company Profile

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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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