Clean Energy Special Situations Corp. (NASDAQ:SWSS) Short Interest Up 500.0% in March

Clean Energy Special Situations Corp. (NASDAQ:SWSS) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,400 shares, a growth of 500.0% from the February 29th total of 400 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Clean Energy Special Situations

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SNC bought a new position in Clean Energy Special Situations during the 3rd quarter worth $2,654,000. Jane Street Group LLC bought a new stake in shares of Clean Energy Special Situations during the 4th quarter worth approximately $3,025,000. Linden Advisors LP bought a new position in Clean Energy Special Situations in the third quarter valued at approximately $2,102,000. Westchester Capital Management LLC acquired a new position in Clean Energy Special Situations during the second quarter valued at approximately $1,013,000. Finally, Crystalline Management Inc. bought a new stake in Clean Energy Special Situations during the fourth quarter worth $844,000. Institutional investors own 23.50% of the company’s stock.

Clean Energy Special Situations Stock Performance

SWSS stock remained flat at $10.63 during trading hours on Thursday. The company’s stock had a trading volume of 4 shares, compared to its average volume of 4,131. The firm’s 50 day simple moving average is $10.61 and its 200-day simple moving average is $10.54. Clean Energy Special Situations has a 52-week low of $10.15 and a 52-week high of $11.76.

Clean Energy Special Situations Company Profile

Clean Energy Special Situations Corp. does not have significant operations. The company 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 formerly known as Springwater Special Situations Corp.