Short Interest in Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Rises By 323.4%

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 19,900 shares, a growth of 323.4% from the March 15th total of 4,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 737,100 shares, the days-to-cover ratio is currently 0.0 days.

Screaming Eagle Acquisition Stock Up 0.1 %

SCRM stock opened at $10.75 on Friday. Screaming Eagle Acquisition has a 12 month low of $9.59 and a 12 month high of $11.07. The company has a 50-day moving average price of $10.67 and a 200 day moving average price of $10.59.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SCRM. Deutsche Bank AG boosted its holdings in Screaming Eagle Acquisition by 95.0% during the 3rd quarter. Deutsche Bank AG now owns 102,612 shares of the company’s stock valued at $1,073,000 after acquiring an additional 50,000 shares during the period. Westchester Capital Management LLC grew its holdings in shares of Screaming Eagle Acquisition by 35.1% in the third quarter. Westchester Capital Management LLC now owns 5,025,580 shares of the company’s stock worth $52,568,000 after purchasing an additional 1,304,403 shares during the last quarter. Wealthspring Capital LLC increased its stake in Screaming Eagle Acquisition by 11.5% in the 3rd quarter. Wealthspring Capital LLC now owns 631,531 shares of the company’s stock worth $6,606,000 after buying an additional 64,944 shares during the period. K2 Principal Fund L.P. bought a new stake in Screaming Eagle Acquisition during the 3rd quarter valued at about $121,000. Finally, Schechter Investment Advisors LLC boosted its position in Screaming Eagle Acquisition by 13.7% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,964,676 shares of the company’s stock valued at $31,011,000 after buying an additional 357,562 shares during the period. Hedge funds and other institutional investors own 73.98% of the company’s stock.

About Screaming Eagle Acquisition

Screaming Eagle Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.