Screaming Eagle Acquisition Corp. (NASDAQ:SCRM) Short Interest Up 58.3% in April

Screaming Eagle Acquisition Corp. (NASDAQ:SCRM - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 29,600 shares, a growth of 58.3% from the April 15th total of 18,700 shares. Based on an average daily volume of 704,800 shares, the short-interest ratio is currently 0.0 days. Currently, 0.2% of the shares of the company are short sold.

Insider Transactions at Screaming Eagle Acquisition

In other Screaming Eagle Acquisition news, major shareholder Alberta Investment Management sold 1,250,000 shares of the firm's stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $10.78, for a total value of $13,475,000.00. Following the sale, the insider now owns 1,325,000 shares of the company's stock, valued at approximately $14,283,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Screaming Eagle Acquisition news, major shareholder Alberta Investment Management sold 1,250,000 shares of the firm's stock in a transaction on Friday, April 19th. The shares were sold at an average price of $10.78, for a total value of $13,475,000.00. Following the sale, the insider now directly owns 1,325,000 shares in the company, valued at approximately $14,283,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Flow State Investments, L.P. sold 500,000 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $10.76, for a total transaction of $5,380,000.00. Following the completion of the sale, the insider now owns 1,591,821 shares of the company's stock, valued at approximately $17,127,993.96. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. K2 Principal Fund L.P. bought a new stake in shares of Screaming Eagle Acquisition in the 3rd quarter valued at approximately $121,000. ADAR1 Capital Management LLC acquired a new position in Screaming Eagle Acquisition during the fourth quarter worth $318,000. Deutsche Bank AG lifted its holdings in shares of Screaming Eagle Acquisition by 95.0% during the third 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. Ursa Fund Management LLC acquired a new stake in shares of Screaming Eagle Acquisition in the 4th quarter valued at $1,298,000. Finally, Picton Mahoney Asset Management grew its holdings in shares of Screaming Eagle Acquisition by 12.0% in the 4th quarter. Picton Mahoney Asset Management now owns 1,399,998 shares of the company's stock worth $14,839,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 73.98% of the company's stock.

Screaming Eagle Acquisition Trading Down 4.0 %

Shares of SCRM stock traded down $0.47 during mid-day trading on Friday, reaching $11.14. The company's stock had a trading volume of 88,611 shares, compared to its average volume of 900,911. The firm's 50-day moving average is $10.78 and its two-hundred day moving average is $10.65. Screaming Eagle Acquisition has a 1-year low of $9.15 and a 1-year high of $12.84.

Screaming Eagle Acquisition Company Profile

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.

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