Pioneer Acquisition I Corp (NASDAQ:PACHU – Get Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,421 shares, an increase of 170,950.0% from the June 15th total of 2 shares. Based on an average daily trading volume, of 520 shares, the short-interest ratio is currently 6.6 days.
Hedge Funds Weigh In On Pioneer Acquisition I
Several large investors have recently modified their holdings of the stock. Clear Street Group Inc. boosted its holdings in shares of Pioneer Acquisition I by 5,977.3% during the 4th quarter. Clear Street Group Inc. now owns 14,160 shares of the company’s stock worth $145,000 after buying an additional 13,927 shares during the period. PenderFund Capital Management Ltd. lifted its position in Pioneer Acquisition I by 248.0% during the third quarter. PenderFund Capital Management Ltd. now owns 17,400 shares of the company’s stock worth $175,000 after acquiring an additional 12,400 shares during the last quarter. Lineage Point Capital LP acquired a new position in shares of Pioneer Acquisition I in the fourth quarter valued at approximately $521,000. Parallax Volatility Advisers L.P. grew its position in shares of Pioneer Acquisition I by 67.8% in the third quarter. Parallax Volatility Advisers L.P. now owns 58,744 shares of the company’s stock valued at $590,000 after purchasing an additional 23,744 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Pioneer Acquisition I during the second quarter worth approximately $1,001,000.
Pioneer Acquisition I Stock Performance
Shares of PACHU stock traded up $0.05 during trading on Friday, reaching $10.37. Pioneer Acquisition I has a 12 month low of $9.70 and a 12 month high of $11.20. The company has a fifty day simple moving average of $10.32 and a two-hundred day simple moving average of $10.27.
About Pioneer Acquisition I
Pioneer Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in 2023. As a blank check company, it has no commercial operations of its own and was formed solely to raise capital for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
In its initial public offering, Pioneer Acquisition I sold 20 million units at a price of $10.00 per unit.
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