SEP Acquisition Corp. (NASDAQ:SEPA) Short Interest Update

SEP Acquisition Corp. (NASDAQ:SEPA) was the recipient of a large growth in short interest in the month of 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 trading volume of 1,300 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the shares of the stock are sold short.

SEP Acquisition Stock Performance

SEP Acquisition stock remained flat at $10.00 during trading on Friday. 341 shares of the company were exchanged, compared to its average volume of 1,052. The company has a fifty day moving average of $11.07 and a 200-day moving average of $10.69. SEP Acquisition has a 1 year low of $8.20 and a 1 year high of $17.00.

Institutional Inflows and Outflows

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

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.