ScION Tech Growth II (NASDAQ:SCOB) Short Interest Up 176.2% in December

ScION Tech Growth II (NASDAQ:SCOB) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 17,400 shares, an increase of 176.2% from the December 15th total of 6,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 72,400 shares, the short-interest ratio is presently 0.2 days.

NASDAQ:SCOB opened at $9.76 on Friday. The business’s 50 day moving average is $9.75 and its two-hundred day moving average is $9.73. ScION Tech Growth II has a 52 week low of $9.60 and a 52 week high of $10.69.

ScION Tech Growth II (NASDAQ:SCOB) last released its earnings results on Monday, November 15th. The company reported $0.12 EPS for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in SCOB. Magnetar Financial LLC bought a new stake in shares of ScION Tech Growth II in the 3rd quarter worth approximately $100,000. Susquehanna International Group LLP bought a new stake in shares of ScION Tech Growth II in the 2nd quarter worth approximately $109,000. Qube Research & Technologies Ltd bought a new stake in shares of ScION Tech Growth II in the 2nd quarter worth approximately $129,000. Bloom Tree Partners LLC bought a new stake in shares of ScION Tech Growth II in the 2nd quarter worth approximately $234,000. Finally, MMCAP International Inc. SPC acquired a new stake in ScION Tech Growth II in the 2nd quarter valued at approximately $243,000.

About ScION Tech Growth II

ScION Tech Growth II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on technology-enabled businesses that offer technology solutions, broader technology software and services in the financial services sector.

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