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Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Sees Large Decline in Short Interest

Defense World ·  Mar 11, 2023 16:42

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM – Get Rating) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 24,400 shares, a decrease of 24.0% from the February 13th total of 32,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 170,100 shares, the days-to-cover ratio is presently 0.1 days.

Screaming Eagle Acquisition Trading Down 0.1 %

NASDAQ:SCRM opened at $10.13 on Friday. The stock has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $9.87. Screaming Eagle Acquisition has a 1 year low of $9.58 and a 1 year high of $11.49.

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Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SCRM. JPMorgan Chase & Co. purchased a new position in shares of Screaming Eagle Acquisition in the first quarter valued at $1,916,000. Spring Creek Capital LLC acquired a new stake in shares of Screaming Eagle Acquisition during the first quarter valued at $4,865,000. Penserra Capital Management LLC acquired a new stake in shares of Screaming Eagle Acquisition during the first quarter valued at $66,000. Royal Bank of Canada acquired a new stake in shares of Screaming Eagle Acquisition during the first quarter valued at $1,278,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Screaming Eagle Acquisition during the first quarter valued at $2,919,000.

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.

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