Pyrophyte Acquisition Corp. II (NYSE:PAII – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 60 shares, a decrease of 64.9% from the April 15th total of 171 shares. Based on an average daily trading volume, of 26,239 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Pyrophyte Acquisition Corp. II Stock Up 0.1%
Shares of NYSE:PAII traded up $0.01 during trading on Thursday, hitting $10.16. Pyrophyte Acquisition Corp. II has a 52 week low of $9.92 and a 52 week high of $10.22. The firm’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $10.09.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC acquired a new position in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $88,000. ABC Arbitrage SA acquired a new position in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $252,000. Virtu Financial LLC acquired a new position in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $258,000. Cantor Fitzgerald L. P. acquired a new position in shares of Pyrophyte Acquisition Corp. II in the third quarter worth about $726,000. Finally, Lineage Point Capital LP acquired a new position in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $733,000.
About Pyrophyte Acquisition Corp. II
FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.
The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long‐term, sustainable‐value approach.
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