ScION Tech Growth II (NASDAQ:SCOB – Get Rating) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totaling 9,400 shares, a decline of 49.5% from the November 15th total of 18,600 shares. Based on an average daily volume of 143,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Investors Weigh In On ScION Tech Growth II
Several hedge funds have recently modified their holdings of the stock. Weiss Asset Management LP acquired a new stake in shares of ScION Tech Growth II during the third quarter worth $497,000. Westchester Capital Management LLC acquired a new position in shares of ScION Tech Growth II in the 3rd quarter valued at approximately $2,220,000. Saba Capital Management LP increased its holdings in shares of ScION Tech Growth II by 9.4% in the 3rd quarter. Saba Capital Management LP now owns 1,817,666 shares of the company’s stock valued at $18,068,000 after acquiring an additional 155,795 shares during the last quarter. Marshall Wace LLP grew its stake in ScION Tech Growth II by 8.4% during the 3rd quarter. Marshall Wace LLP now owns 1,580,467 shares of the company’s stock worth $15,710,000 after buying an additional 122,068 shares during the last quarter. Finally, Fir Tree Capital Management LP grew its stake in ScION Tech Growth II by 1.9% during the 3rd quarter. Fir Tree Capital Management LP now owns 1,373,693 shares of the company’s stock worth $13,655,000 after buying an additional 25,000 shares during the last quarter. 66.96% of the stock is owned by institutional investors and hedge funds.
ScION Tech Growth II Stock Up 0.1 %
NASDAQ:SCOB traded up $0.01 on Tuesday, reaching $10.08. 3,000 shares of the company’s stock were exchanged, compared to its average volume of 58,851. The business has a fifty day moving average of $10.01 and a 200-day moving average of $9.91. ScION Tech Growth II has a 52-week low of $9.69 and a 52-week high of $10.30. The firm has a market capitalization of $434.65 million, a price-to-earnings ratio of 24.57 and a beta of -0.01.
ScION Tech Growth II (NASDAQ:SCOB – Get Rating) last announced its earnings results on Friday, November 18th. The company reported $0.08 earnings per share (EPS) for the quarter.
About ScION Tech Growth II
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ScION Tech Growth II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on technology-enabled businesses that offer technology solutions, and broader technology software and services in the financial services sector.
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