SEP Acquisition Corp. (NASDAQ:SEPA) Short Interest Down 69.0% in March

SEP Acquisition Corp. (NASDAQ:SEPA) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 900 shares, a decrease of 69.0% from the February 29th total of 2,900 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.

SEP Acquisition Price Performance

Shares of NASDAQ:SEPA traded down $0.93 during trading on Thursday, reaching $11.24. 4 shares of the company’s stock traded hands, compared to its average volume of 401. The company has a 50-day simple moving average of $10.77 and a 200-day simple moving average of $10.70. SEP Acquisition has a fifty-two week low of $8.20 and a fifty-two week high of $13.20.

Institutional Investors Weigh In On SEP Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new position in SEP Acquisition during the third quarter valued at $365,000. Mangrove Partners acquired a new position in shares of SEP Acquisition during the 2nd quarter worth approximately $360,000. Finally, Meteora Capital LLC acquired a new position in SEP Acquisition during the third quarter worth $1,041,000. Hedge funds and other institutional investors own 3.66% of the company’s stock.

About SEP Acquisition

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.