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Stratim Cloud Acquisition Corp. (NASDAQ:SCAQW – Get Rating) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 1,200 shares, a drop of 45.5% from the May 15th total of 2,200 shares. Based on an average trading volume of 8,800 shares, […]
Stratim Cloud Acquisition Corp. (NASDAQ:SCAQW – Get Rating) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,200 shares, a decline of 47.6% from the April 30th total of 4,200 shares. Based on an average daily volume of 9,500 shares, […]
GSAH pre-announced ~26% in redemptions while BOWX closed up at $10.40 today, and both are set to go to their shareholder votes.
The improving narrative is supported by stable, positive market dynamics. Don't be surprised to see retail and others getting back into SPACs if the market continues this way.
June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?