Springwater Special Situations Corp. (NASDAQ:SWSS) Sees Large Decrease in Short Interest

Springwater Special Situations Corp. (NASDAQ:SWSSGet Rating) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 9,100 shares, a decline of 59.4% from the March 31st total of 22,400 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 12,700 shares, the days-to-cover ratio is presently 0.7 days.

SWSS opened at $9.89 on Friday. The firm’s fifty day simple moving average is $9.85. Springwater Special Situations has a 52-week low of $9.71 and a 52-week high of $10.10.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. boosted its holdings in Springwater Special Situations by 6.2% during the 4th quarter. Saba Capital Management L.P. now owns 839,482 shares of the company’s stock valued at $8,198,000 after acquiring an additional 48,880 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Springwater Special Situations during the 4th quarter valued at $7,090,000. Highbridge Capital Management LLC bought a new stake in Springwater Special Situations during the 3rd quarter valued at $5,988,000. Marshall Wace LLP raised its position in Springwater Special Situations by 379.3% during the 4th quarter. Marshall Wace LLP now owns 589,655 shares of the company’s stock valued at $5,760,000 after purchasing an additional 466,641 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Springwater Special Situations by 664.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 423,600 shares of the company’s stock valued at $4,136,000 after purchasing an additional 368,200 shares in the last quarter. Institutional investors own 25.07% of the company’s stock.

About Springwater Special Situations (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.

Recommended Stories

Receive News & Ratings for Springwater Special Situations Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Springwater Special Situations and related companies with MarketBeat.com's FREE daily email newsletter.