SEP Acquisition Corp. (NASDAQ:SEPAW) Short Interest Down 78.3% in March

SEP Acquisition Corp. (NASDAQ:SEPAW) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 6,600 shares, a decrease of 78.3% from the February 29th total of 30,400 shares. Based on an average trading volume of 61,000 shares, the days-to-cover ratio is presently 0.1 days.

SEP Acquisition Price Performance

Shares of NASDAQ SEPAW traded down $0.01 during midday trading on Thursday, hitting $0.17. 309 shares of the company’s stock traded hands, compared to its average volume of 91,085. SEP Acquisition has a 1 year low of $0.03 and a 1 year high of $0.25. The firm has a fifty day moving average of $0.16 and a 200 day moving average of $0.12.

Institutional Investors Weigh In On SEP Acquisition

A hedge fund recently bought a new stake in SEP Acquisition stock. Castle Creek Arbitrage LLC bought a new stake in shares of SEP Acquisition Corp. (NASDAQ:SEPAW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 850,000 shares of the company’s stock, valued at approximately $30,000.

About SEP Acquisition

SEP Acquisition Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was formerly known as Mercury Ecommerce Acquisition Corp. and changed its name to SEP Acquisition Corp.