Social Commerce Partners Corporation (NASDAQ:SCPQ) Stock Short Interest Falls 67.2%

Social Commerce Partners Corporation (NASDAQ:SCPQ) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 39 shares, a decline of 67.2% from the September 30th total of 119 shares. Based on an average daily volume of 2,827 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Social Commerce Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Social Commerce Partners Stock Performance

Shares of NASDAQ SCPQ traded down $0.03 during trading on Friday, hitting $10.12. The company had a trading volume of 106 shares, compared to its average volume of 13,144. The company has a market cap of $138.40 million and a P/E ratio of 202.30. Social Commerce Partners has a 52 week low of $9.85 and a 52 week high of $10.14. The firm has a 50-day moving average of $10.09.

Social Commerce Partners Company Profile

Social Commerce Partners Corp. was a blank-check company formed to identify and complete a business combination with one or more businesses. Its potential transaction could have taken the form of a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar combination.

The company was associated with the social commerce sector, which generally includes businesses that use social-media platforms, digital communities and online channels to market and sell products or services.