SCIIU (NASDAQ:SCIIU) Sees Large Decline in Short Interest

SCIIU (NASDAQ:SCIIUGet Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 442 shares, a decrease of 60.0% from the April 15th total of 1,104 shares. Based on an average trading volume of 526 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On SCIIU

Several large investors have recently bought and sold shares of SCIIU. ABC Arbitrage SA acquired a new stake in shares of SCIIU in the fourth quarter valued at about $302,000. Verition Fund Management LLC acquired a new stake in shares of SCIIU in the fourth quarter valued at about $353,000. Mangrove Partners IM LLC acquired a new stake in shares of SCIIU in the fourth quarter valued at about $504,000. Stoic Point Capital Management LLC acquired a new stake in shares of SCIIU in the fourth quarter valued at about $582,000. Finally, Quarry LP acquired a new stake in shares of SCIIU in the fourth quarter valued at about $629,000.

SCIIU Stock Performance

Shares of SCIIU stock remained flat at $10.18 on Thursday. SCIIU has a twelve month low of $10.03 and a twelve month high of $11.30. The business has a 50 day simple moving average of $10.23.

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