Springwater Special Situations Corp. (NASDAQ:SWSS – Get Rating) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,300 shares, a decrease of 63.9% from the February 28th total of 3,600 shares. Based on an average daily trading volume, of 46,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.
Hedge Funds Weigh In On Springwater Special Situations
Several institutional investors and hedge funds have recently modified their holdings of the business. Cohanzick Management LLC bought a new position in Springwater Special Situations in the first quarter valued at approximately $25,000. Basso Capital Management L.P. lifted its position in Springwater Special Situations by 2,707.8% in the 1st quarter. Basso Capital Management L.P. now owns 25,270 shares of the company's stock valued at $249,000 after acquiring an additional 24,370 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Springwater Special Situations by 5.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 765,125 shares of the company's stock worth $7,559,000 after purchasing an additional 37,993 shares during the period. Centiva Capital LP bought a new position in Springwater Special Situations during the 2nd quarter worth about $130,000. Finally, Calamos Advisors LLC bought a new position in Springwater Special Situations during the 3rd quarter worth about $5,991,000. 73.17% of the stock is currently owned by institutional investors and hedge funds.
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Springwater Special Situations Stock Up 0.1 %
Shares of Springwater Special Situations stock traded up $0.01 during trading hours on Tuesday, hitting $10.25. The company's stock had a trading volume of 962 shares, compared to its average volume of 26,115. The stock has a 50 day moving average of $10.25 and a 200 day moving average of $10.11. Springwater Special Situations has a 12 month low of $9.83 and a 12 month high of $11.28.
About Springwater Special Situations
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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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