Springwater Special Situations Corp. (NASDAQ:SWSS – Get Rating) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 5,400 shares, a drop of 54.6% from the July 31st total of 11,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 34,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SWSS. Wolverine Asset Management LLC purchased a new position in shares of Springwater Special Situations in the 4th quarter valued at approximately $105,000. Fifth Lane Capital LP purchased a new position in shares of Springwater Special Situations in the 4th quarter valued at approximately $342,000. Radcliffe Capital Management L.P. purchased a new position in shares of Springwater Special Situations in the 4th quarter valued at approximately $2,926,000. Cubist Systematic Strategies LLC purchased a new position in shares of Springwater Special Situations in the 4th quarter valued at approximately $7,090,000. Finally, Karpus Management Inc. purchased a new position in shares of Springwater Special Situations in the 4th quarter valued at approximately $546,000. 69.45% of the stock is currently owned by hedge funds and other institutional investors.

Springwater Special Situations Stock Performance

NASDAQ:SWSS remained flat at $9.93 during mid-day trading on Friday. The firm's 50 day moving average price is $9.91 and its 200-day moving average price is $9.87. Springwater Special Situations has a 52 week low of $9.71 and a 52 week high of $10.10.

Springwater Special Situations Company Profile

Springwater Special Situations Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.

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