Screaming Eagle Acquisition Corp. (NASDAQ:SCRM – Get Rating) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 20,500 shares, a drop of 25.7% from the March 31st total of 27,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 481,800 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On Screaming Eagle Acquisition
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Screaming Eagle Acquisition in the 1st quarter valued at about $1,916,000. Spring Creek Capital LLC bought a new position in shares of Screaming Eagle Acquisition in the 1st quarter valued at about $4,865,000. Penserra Capital Management LLC bought a new position in shares of Screaming Eagle Acquisition in the 1st quarter valued at about $66,000. Royal Bank of Canada bought a new position in shares of Screaming Eagle Acquisition in the 1st quarter valued at about $1,278,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Screaming Eagle Acquisition in the 1st quarter valued at about $2,919,000.
Get Screaming Eagle Acquisition alerts:Screaming Eagle Acquisition Trading Down 0.1 %
SCRM traded down $0.01 during midday trading on Friday, hitting $10.19. The company had a trading volume of 5,935 shares, compared to its average volume of 379,275. Screaming Eagle Acquisition has a twelve month low of $9.58 and a twelve month high of $11.49. The firm's 50-day simple moving average is $10.15 and its 200-day simple moving average is $9.99.
About Screaming Eagle Acquisition
(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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