Social Commerce Partners Corporation (NASDAQ:SCPQ – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 39 shares, a decline of 67.2% from the September 30th total of 119 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,827 shares, the short-interest ratio is currently 0.0 days.
Social Commerce Partners Price Performance
NASDAQ SCPQ traded down $0.02 during trading hours on Thursday, hitting $10.12. The company had a trading volume of 152,990 shares, compared to its average volume of 14,379. Social Commerce Partners has a fifty-two week low of $9.85 and a fifty-two week high of $10.14. The stock has a market cap of $138.42 million and a P/E ratio of 202.32. The business’s 50 day moving average is $10.08.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Social Commerce Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Analysis on Social Commerce Partners
About Social Commerce Partners
Social Commerce Partners Corp. was a blank-check company formed to identify and complete a business combination with one or more businesses. Its potential transaction could have taken the form of a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar combination.
The company was associated with the social commerce sector, which generally includes businesses that use social-media platforms, digital communities and online channels to market and sell products or services.
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