White Pearl Acquisition Corp. (NYSE:WPAC – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 4,263 shares, a decline of 74.4% from the May 14th total of 16,620 shares. Based on an average daily volume of 5,760 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.
White Pearl Acquisition Price Performance
Shares of NYSE WPAC traded up $0.14 during midday trading on Thursday, reaching $10.15. The company had a trading volume of 3,190 shares, compared to its average volume of 51,830. White Pearl Acquisition has a one year low of $9.82 and a one year high of $10.98.
Wall Street Analyst Weigh In
Separately, Weiss Ratings started coverage on shares of White Pearl Acquisition in a report on Monday, June 1st. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, White Pearl Acquisition presently has an average rating of “Sell”.
White Pearl Acquisition Company Profile
White Pearl Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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