Starry Sea Acquisition Corp (NASDAQ:SSEAU – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 73 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily volume of 506 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Starry Sea Acquisition
Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Starry Sea Acquisition in the third quarter valued at approximately $243,000. Two Sigma Investments LP acquired a new stake in Starry Sea Acquisition during the third quarter worth $1,838,000. Polar Asset Management Partners Inc. acquired a new stake in Starry Sea Acquisition during the third quarter worth $2,535,000. Schonfeld Strategic Advisors LLC purchased a new stake in Starry Sea Acquisition in the third quarter valued at $1,004,000. Finally, Shaolin Capital Management LLC purchased a new stake in Starry Sea Acquisition in the third quarter valued at $2,535,000.
Starry Sea Acquisition Stock Up 1.5%
Shares of SSEAU stock opened at $10.55 on Monday. The firm’s 50-day moving average is $10.36 and its two-hundred day moving average is $10.31. Starry Sea Acquisition has a 12 month low of $10.02 and a 12 month high of $11.11.
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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