Screaming Eagle Acquisition Corp. (NASDAQ:SCRM – Get Rating) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 19,400 shares, a growth of 68.7% from the December 31st total of 11,500 shares. Based on an average daily trading volume, of 216,000 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Screaming Eagle Acquisition
A number of hedge funds have recently bought and sold shares of the business. Aristeia Capital LLC bought a new stake in shares of Screaming Eagle Acquisition in the 3rd quarter valued at approximately $16,944,000. Prelude Capital Management LLC bought a new stake in Screaming Eagle Acquisition in the third quarter worth $14,505,000. Taconic Capital Advisors LP boosted its stake in Screaming Eagle Acquisition by 131.9% during the third quarter. Taconic Capital Advisors LP now owns 2,319,005 shares of the company's stock worth $22,448,000 after buying an additional 1,319,005 shares during the period. Millennium Management LLC boosted its stake in Screaming Eagle Acquisition by 80.0% during the second quarter. Millennium Management LLC now owns 2,250,000 shares of the company's stock worth $21,578,000 after buying an additional 1,000,000 shares during the period. Finally, Westchester Capital Management LLC bought a new position in Screaming Eagle Acquisition during the third quarter valued at $8,785,000.
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Screaming Eagle Acquisition Stock Up 0.1 %
Shares of SCRM traded up $0.02 during mid-day trading on Friday, hitting $10.03. 1,128,203 shares of the stock were exchanged, compared to its average volume of 257,400. Screaming Eagle Acquisition has a 52-week low of $9.45 and a 52-week high of $10.35. The firm has a 50-day moving average of $9.93 and a two-hundred day moving average of $9.78.
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.
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