Short Interest in SEP Acquisition Corp. (NASDAQ:SEPA) Expands By 100.0%

SEP Acquisition Corp. (NASDAQ:SEPA) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 100.0% from the March 31st total of 900 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SEP Acquisition stock. Meteora Capital LLC acquired a new position in shares of SEP Acquisition Corp. (NASDAQ:SEPA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 97,498 shares of the company’s stock, valued at approximately $1,041,000. Meteora Capital LLC owned 1.68% of SEP Acquisition as of its most recent SEC filing. Institutional investors and hedge funds own 3.66% of the company’s stock.

SEP Acquisition Price Performance

SEPA remained flat at $10.00 during trading on Friday. The company’s stock had a trading volume of 341 shares, compared to its average volume of 1,052. The stock has a 50-day moving average price of $11.07 and a 200 day moving average price of $10.69. SEP Acquisition has a one year low of $8.20 and a one year high of $17.00.

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.