Springwater Special Situations Corp. (NASDAQ:SWSS – Get Rating) saw a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 10,800 shares, a decline of 22.3% from the May 15th total of 13,900 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is currently 2.4 days.
A number of hedge funds and other institutional investors have recently modified their holdings of SWSS. Goldman Sachs Group Inc. bought a new stake in Springwater Special Situations during the third quarter worth approximately $2,200,000. Marshall Wace LLP bought a new stake in Springwater Special Situations during the third quarter worth approximately $1,202,000. Ancora Advisors LLC bought a new stake in Springwater Special Situations during the third quarter worth approximately $215,000. Oaktree Capital Management LP bought a new stake in Springwater Special Situations during the third quarter worth approximately $2,442,000. Finally, Cantor Fitzgerald Investment Adviser L.P. bought a new position in shares of Springwater Special Situations during the fourth quarter valued at approximately $1,825,000. 69.45% of the stock is currently owned by institutional investors.
Shares of NASDAQ SWSS opened at $9.88 on Wednesday. The business’s 50 day moving average is $9.88 and its two-hundred day moving average is $9.83. Springwater Special Situations has a 1-year low of $9.71 and a 1-year high of $10.10.
Springwater Special Situations Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. It was incorporated in 2020 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on Springwater Special Situations (SWSS)
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