Pyrophyte Acquisition Corp. II (NYSE:PAII – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 335 shares, a drop of 59.7% from the September 30th total of 832 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 363,714 shares, the days-to-cover ratio is currently 0.0 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of Pyrophyte Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.
Pyrophyte Acquisition Corp. II Price Performance
PAII stock opened at $10.34 on Thursday. The firm has a fifty day moving average price of $10.31 and a 200 day moving average price of $10.20. Pyrophyte Acquisition Corp. II has a fifty-two week low of $10.02 and a fifty-two week high of $10.35.
Pyrophyte Acquisition Corp. II (NYSE:PAII – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On Pyrophyte Acquisition Corp. II
An institutional investor recently bought a new position in Pyrophyte Acquisition Corp. II stock. Sona Asset Management US LLC bought a new position in Pyrophyte Acquisition Corp. II (NYSE:PAII – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 151,757 shares of the company’s stock, valued at approximately $1,540,000. Sona Asset Management US LLC owned about 0.56% of Pyrophyte Acquisition Corp. II as of its most recent SEC filing.
Pyrophyte Acquisition Corp. II Company Profile
Pyrophyte Acquisition Corp. II is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses.
Unlike an operating company, Pyrophyte Acquisition Corp. II does not appear to provide products or services directly. Its activities are focused on identifying and completing a suitable business combination, after which the combined company would conduct the acquired business.
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