SEP Acquisition Corp. (NASDAQ:SEPA) Sees Large Increase in Short Interest

SEP Acquisition Corp. (NASDAQ:SEPA) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,800 shares, a growth of 100.0% from the March 31st total of 900 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 1.4 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On SEP Acquisition

An institutional investor recently bought a new position in SEP Acquisition stock. Meteora Capital LLC bought a new stake in shares of SEP Acquisition Corp. (NASDAQ:SEPA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 97,498 shares of the company’s stock, valued at approximately $1,041,000. Meteora Capital LLC owned approximately 1.68% of SEP Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.66% of the company’s stock.

SEP Acquisition Stock Performance

NASDAQ SEPA remained flat at $10.00 on Friday. The company had a trading volume of 341 shares, compared to its average volume of 1,052. The business has a 50-day simple moving average of $11.07 and a 200 day simple moving average of $10.69. SEP Acquisition has a 12 month low of $8.20 and a 12 month high of $17.00.

SEP Acquisition Company Profile

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.