Springwater Special Situations Corp. (NASDAQ:SWSS) Short Interest Up 91.5% in March

Springwater Special Situations Corp. (NASDAQ:SWSS – Get Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 22,400 shares, an increase of 91.5% from the March 15th total of 11,700 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 15,700 shares, the short-interest ratio is presently 1.4 days.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Asset Management LLC purchased a new stake in Springwater Special Situations in the 4th quarter worth about $105,000. Walleye Trading LLC purchased a new stake in Springwater Special Situations in the 4th quarter worth about $123,000. Walleye Capital LLC purchased a new stake in Springwater Special Situations in the 4th quarter worth about $207,000. Ancora Advisors LLC purchased a new stake in Springwater Special Situations in the 3rd quarter worth about $215,000. Finally, Fifth Lane Capital LP purchased a new stake in Springwater Special Situations in the 4th quarter worth about $342,000. 25.07% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ SWSS opened at $9.89 on Friday. Springwater Special Situations has a 12 month low of $9.71 and a 12 month high of $10.10. The company’s fifty day moving average is $9.83.

Springwater Special Situations Company Profile (Get Rating)

Springwater Special Situations Corp. is a special purpose acquisition company. It was incorporated in 2020 and is based in New York, New York.

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