Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Sees Significant Decrease in Short Interest

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 4,700 shares, a drop of 61.2% from the February 29th total of 12,100 shares. Based on an average daily volume of 744,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Screaming Eagle Acquisition Stock Up 0.2 %

Screaming Eagle Acquisition stock traded up $0.02 during mid-day trading on Thursday, reaching $10.70. The company’s stock had a trading volume of 1,097,971 shares, compared to its average volume of 743,955. The business’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $10.57. Screaming Eagle Acquisition has a 12 month low of $9.59 and a 12 month high of $11.07.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new position in shares of Screaming Eagle Acquisition during the 1st quarter worth about $1,916,000. Spring Creek Capital LLC acquired a new stake in shares of Screaming Eagle Acquisition in the first quarter valued at approximately $4,865,000. Penserra Capital Management LLC bought a new position in shares of Screaming Eagle Acquisition during the 1st quarter worth approximately $66,000. Royal Bank of Canada acquired a new position in shares of Screaming Eagle Acquisition during the 1st quarter worth approximately $1,278,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Screaming Eagle Acquisition in the 1st quarter valued at $2,919,000. 73.98% of the stock is owned by institutional investors and hedge funds.

About Screaming Eagle Acquisition

Screaming Eagle Acquisition Corp. does not have significant operations. It 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.