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Pearl Holdings Acquisition Corp (NASDAQ:PRLH) Sees Large Increase in Short Interest

kopsource ·  Dec 3, 2022 23:13

Pearl Holdings Acquisition Corp (NASDAQ:PRLH – Get Rating) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,900 shares, an increase of 18.8% from the October 31st total of 1,600 shares. Based on an average daily volume of 49,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Pearl Holdings Acquisition Price Performance

Shares of PRLH stock opened at $10.16 on Friday. Pearl Holdings Acquisition has a one year low of $9.75 and a one year high of $10.58. The stock has a fifty day moving average price of $10.08 and a 200 day moving average price of $9.99.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. RiverPark Advisors LLC bought a new position in Pearl Holdings Acquisition in the first quarter worth $123,000. Ergoteles LLC acquired a new position in Pearl Holdings Acquisition during the third quarter worth $202,000. Barclays PLC raised its stake in Pearl Holdings Acquisition by 6.1% during the third quarter. Barclays PLC now owns 20,800 shares of the company's stock worth $207,000 after acquiring an additional 1,200 shares in the last quarter. UBS Group AG raised its stake in Pearl Holdings Acquisition by 5,507.4% during the second quarter. UBS Group AG now owns 23,551 shares of the company's stock worth $233,000 after acquiring an additional 23,131 shares in the last quarter. Finally, Karpus Management Inc. acquired a new position in Pearl Holdings Acquisition during the second quarter worth $247,000.

Pearl Holdings Acquisition Company Profile

(Get Rating)

Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring business operating in the lifestyle, health, and wellness and technology sectors.

Further Reading

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