Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 8 shares, a drop of 55.6% from the May 14th total of 18 shares. Based on an average daily trading volume, of 1,539 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On Silver Pegasus Acquisition
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPEGU. Clear Street Group Inc. acquired a new stake in Silver Pegasus Acquisition in the 3rd quarter valued at approximately $84,000. Citadel Advisors LLC acquired a new position in shares of Silver Pegasus Acquisition during the third quarter valued at $144,000. BCK Capital Management LP bought a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at about $526,000. Gabelli Funds LLC bought a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at about $806,000. Finally, Yakira Capital Management Inc. acquired a new stake in Silver Pegasus Acquisition in the third quarter worth about $814,000.
Silver Pegasus Acquisition Trading Up 6.0%
SPEGU traded up $0.63 during trading on Monday, hitting $11.23. 271 shares of the stock were exchanged, compared to its average volume of 1,283. The stock has a fifty day moving average price of $10.73 and a two-hundred day moving average price of $10.52. Silver Pegasus Acquisition has a 1-year low of $10.02 and a 1-year high of $13.66.
Silver Pegasus Acquisition Company Profile
Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.
The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.
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