Short Interest in SEP Acquisition Corp. (NASDAQ:SEPAW) Drops By 78.3%

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

Institutional Inflows and Outflows

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

SEP Acquisition Price Performance

Shares of SEPAW traded down $0.01 during trading hours on Thursday, reaching $0.17. The company’s stock had a trading volume of 309 shares, compared to its average volume of 91,085. The company has a 50 day moving average of $0.16 and a two-hundred day moving average of $0.12. SEP Acquisition has a 1-year low of $0.03 and a 1-year high of $0.25.

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.