Springwater Special Situations Corp. (NASDAQ:SWSS – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,300 shares, an increase of 160.0% from the March 31st total of 500 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 45,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Sea Otter Advisors LLC grew its position in Springwater Special Situations by 2.2% in the fourth quarter. Sea Otter Advisors LLC now owns 46,000 shares of the company's stock valued at $466,000 after acquiring an additional 1,000 shares during the period. Wolverine Asset Management LLC boosted its position in Springwater Special Situations by 31.5% in the fourth quarter. Wolverine Asset Management LLC now owns 9,401 shares of the company's stock valued at $95,000 after buying an additional 2,252 shares in the last quarter. Cohanzick Management LLC acquired a new position in Springwater Special Situations in the first quarter valued at about $25,000. Cubist Systematic Strategies LLC boosted its position in Springwater Special Situations by 0.6% in the third quarter. Cubist Systematic Strategies LLC now owns 769,792 shares of the company's stock valued at $7,667,000 after buying an additional 4,667 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in Springwater Special Situations in the second quarter valued at about $130,000. Institutional investors and hedge funds own 73.17% of the company's stock.

Springwater Special Situations Price Performance

Shares of SWSS stock opened at $10.34 on Friday. Springwater Special Situations has a one year low of $9.83 and a one year high of $11.28. The stock has a fifty day moving average price of $10.26 and a 200 day moving average price of $10.16.

Springwater Special Situations Company Profile

(Get Rating)

Springwater Special Situations Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.

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