Seachange shares rise after higher quarterly revenue

Tiber Ventures

15/12/2021 13:16

** Shares of Seachange International Inc  SEAC.O  rise 7% to
$1.62 in active volume as co posts higher quarterly revenue 
    ** About 3% mln shares changed hands, about 7.5% of its free
float
    ** Shares of video content distributor surged over 128% to
$1.72 on Monday but catalyst was unclear; it was followed by 12%
drop on Tuesday following report TrillerNet, owner of short
video app Triller, is in talks to go public through merger with
co  urn:newsml:reuters.com:*:nL1N2SZ00K
    ** SEAC is among top trending on investor-focused site
stocktwits.com on Wednesday
    ** Estimated short interest in SEAC dropped to 0.7% from
about 1% a week ago, according to data from analytics firm Ortex
    * SEAC, which doubled in value this week, is up about 8% so
far in 2021

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))