ScION Tech Growth II (NASDAQ:SCOB – Get Rating) saw a significant drop in short-selling rates in November. As of November 30, there were a total of 9,400 shares shorted, down 49.5% from the November 15 total of 18,600 shares. Based on an average daily trading volume of 143,400 shares, the days coverage ratio is currently 0.1 days. 0.0% of the shares are currently short-sold.
Institutional investors consider ScION Tech Growth II
Several hedge funds have recently changed their stock holdings. Weiss Asset Management LP acquired a new stake in his ScION Tech Growth II worth $497,000 in the third quarter. Westchester Capital Management LLC acquired a new stake in his ScION Tech Growth II worth approximately $2,220,000 in the third quarter. Saba Capital Management LP increased his stake in ScION Tech Growth II by 9.4% in the third quarter. Saba Capital Management LP now owns 1,817,666 shares of the company after acquiring an additional 155,795 shares during the previous quarter. Marshall Wace LLP increased its ScION Tech Growth II stake by 8.4% in the third quarter. Marshall Wace LLP now owns 1,580,467 shares of the company worth $15,710,000 after he purchased an additional 122,068 shares during the previous quarter. Finally, Fir Tree Capital Management LP increased its ScION Tech Growth II stake by 1.9% in the third quarter. Fir Tree Capital Management LP now owns 1,373,693 shares of the company after purchasing an additional 25,000 shares during the last quarter. 66.96% of the shares are owned by institutional investors and hedge funds.
ScION Tech Growth II Stock Up 0.1 %
NASDAQ:SCOB rose $0.01 to reach $10.08 on Tuesday. His 3,000 shares of the company’s stock were exchanged, but the average trading volume was his 58,851 shares. His 50-day moving average for this business is $10.01 and his 200-day moving average is $9.91. The ScION Tech Growth II has a 52-week low of $9.69 and a 52-week high of $10.30. The company has a market cap of $434.65 million, a price/earnings ratio of 24.57 and a beta of -0.01.
ScION Tech Growth II (NASDAQ:SCOB – Get Rating) announced final results on Friday, November 18th. The company reported that his earnings per share (EPS) for the quarter was his $0.08.
About ScION Tech Growth II
ScION Tech Growth II has no significant business. Focuses on conducting mergers, stock exchanges, asset acquisitions, stock purchases, reorganizations or similar business combinations with one or more companies. The company will focus its search on technology-enabled businesses that provide technology solutions, as well as broader technology software and services in the financial services sector.
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