SEP Acquisition Corp. (NASDAQ:SEPA) Short Interest Down 69.0% in March

SEP Acquisition Corp. (NASDAQ:SEPA) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 900 shares, a decline of 69.0% from the February 29th total of 2,900 shares. Based on an average daily volume of 1,600 shares, the short-interest ratio is presently 0.6 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On SEP Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEPA. Meteora Capital LLC purchased a new position in shares of SEP Acquisition during the third quarter valued at approximately $1,041,000. Mangrove Partners bought a new position in SEP Acquisition in the 2nd quarter worth about $360,000. Finally, Deutsche Bank AG purchased a new stake in SEP Acquisition during the 3rd quarter valued at about $365,000. 3.66% of the stock is owned by hedge funds and other institutional investors.

SEP Acquisition Price Performance

SEPA stock traded down $0.93 during trading on Thursday, reaching $11.24. The company had a trading volume of 4 shares, compared to its average volume of 401. SEP Acquisition has a 52 week low of $8.20 and a 52 week high of $13.20. The business has a 50 day moving average of $10.77 and a 200 day moving average of $10.70.

SEP Acquisition Company Profile

SEP Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Mercury Ecommerce Acquisition Corp. and changed its name to SEP Acquisition Corp.