Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Short Interest Update

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Screaming Eagle Acquisition in the first quarter valued at approximately $1,916,000. Spring Creek Capital LLC bought a new position in Screaming Eagle Acquisition in the 1st quarter valued at $4,865,000. Penserra Capital Management LLC purchased a new position in shares of Screaming Eagle Acquisition during the 1st quarter valued at $66,000. Royal Bank of Canada bought a new position in shares of Screaming Eagle Acquisition in the first quarter worth $1,278,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Screaming Eagle Acquisition in the first quarter worth $2,919,000. Hedge funds and other institutional investors own 73.98% of the company’s stock.

Screaming Eagle Acquisition Trading Up 0.2 %

Shares of NASDAQ:SCRM traded up $0.02 during trading on Thursday, hitting $10.70. 1,097,971 shares of the company were exchanged, compared to its average volume of 743,955. Screaming Eagle Acquisition has a 52-week low of $9.59 and a 52-week high of $11.07. The stock has a 50 day moving average of $10.65 and a 200 day moving average of $10.57.

Screaming Eagle Acquisition Company Profile

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.