Starry Sea Acquisition Corp (NASDAQ:SSEAU – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 73 shares, a growth of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 506 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Starry Sea Acquisition
A number of institutional investors have recently made changes to their positions in SSEAU. Whitebox Advisors LLC purchased a new position in Starry Sea Acquisition in the 3rd quarter worth approximately $1,521,000. Boothbay Fund Management LLC purchased a new stake in Starry Sea Acquisition during the 3rd quarter valued at $1,521,000. Shaolin Capital Management LLC purchased a new stake in Starry Sea Acquisition during the 3rd quarter valued at $2,535,000. Schonfeld Strategic Advisors LLC purchased a new stake in Starry Sea Acquisition during the 3rd quarter valued at $1,004,000. Finally, Polar Asset Management Partners Inc. bought a new stake in shares of Starry Sea Acquisition in the 3rd quarter worth $2,535,000.
Starry Sea Acquisition Stock Performance
NASDAQ:SSEAU opened at $10.40 on Friday. Starry Sea Acquisition has a fifty-two week low of $10.02 and a fifty-two week high of $11.11. The firm has a 50-day simple moving average of $10.36 and a two-hundred day simple moving average of $10.31.
About Starry Sea Acquisition
Starry Sea Acquisition Corp. (NASDAQ: SSEAU) is a special purpose acquisition company (SPAC) formed to raise capital through an initial public offering and to effect a business combination with one or more operating businesses. As a blank‑check vehicle, the company’s principal activity is to identify, evaluate and negotiate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other business combination that would result in a change of the company’s purpose.
Like other SPACs, funds raised by Starry Sea Acquisition are typically held in a trust account while the management team pursues potential targets.
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