SCIIU (NASDAQ:SCIIU) Sees Large Decline in Short Interest

SCIIU (NASDAQ:SCIIUGet Free Report) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 442 shares, a decline of 60.0% from the April 15th total of 1,104 shares. Based on an average daily volume of 526 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. ABC Arbitrage SA acquired a new position in SCIIU in the 4th quarter valued at $302,000. Verition Fund Management LLC acquired a new position in SCIIU in the 4th quarter valued at $353,000. Mangrove Partners IM LLC acquired a new position in SCIIU in the 4th quarter valued at $504,000. Stoic Point Capital Management LLC bought a new stake in shares of SCIIU during the 4th quarter valued at $582,000. Finally, Quarry LP bought a new stake in shares of SCIIU during the 4th quarter valued at $629,000.

SCIIU Price Performance

Shares of NASDAQ:SCIIU remained flat at $10.18 during trading on Thursday. SCIIU has a one year low of $10.03 and a one year high of $11.30. The stock’s fifty day moving average price is $10.23.

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