Pyrophyte Acquisition Corp. II (NYSE:PAII) Stock Short Interest Report for September

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 832 shares, a growth of 82.9% from the September 15th total of 455 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 104,452 shares, the days-to-cover ratio is currently 0.0 days.

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 purchased a new stake in Pyrophyte Acquisition Corp. II (NYSE:PAII) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 at the end of the most recent reporting period.

Pyrophyte Acquisition Corp. II Price Performance

PAII stock traded down $0.01 during trading on Friday, hitting $10.30. 210,015 shares of the company’s stock were exchanged, compared to its average volume of 224,237. The business has a 50-day moving average price of $10.30 and a two-hundred day moving average price of $10.23. Pyrophyte Acquisition Corp. II has a 52-week low of $10.02 and a 52-week high of $10.35.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Pyrophyte Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Pyrophyte Acquisition Corp. II Company Profile

Pyrophyte Acquisition Corp. II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol PAII. The company was formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.

As a SPAC, Pyrophyte Acquisition Corp. II does not have established commercial operations, products, or services of its own. Its primary activities involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company’s specific acquisition target, operating geography, and post-transaction business activities had not been publicly established in the information available.