Pyrophyte Acquisition Corp. II (NYSE:PAII) Stock Short Interest Jumps 82.9%

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the target of a significant growth in short interest during the month of 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. Based on an average daily trading volume, of 104,452 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Institutional Trading of Pyrophyte Acquisition Corp. II

An institutional investor recently bought a new stake in Pyrophyte Acquisition Corp. II stock. Sona Asset Management US LLC acquired a new stake in Pyrophyte Acquisition Corp. II (NYSE:PAII) in the first quarter, according to its most recent filing with the SEC. The fund acquired 151,757 shares of the company’s stock, valued at approximately $1,540,000. Sona Asset Management US LLC owned approximately 0.56% of Pyrophyte Acquisition Corp. II at the end of the most recent quarter.

Pyrophyte Acquisition Corp. II Stock Up 0.1%

NYSE PAII opened at $10.35 on Thursday. Pyrophyte Acquisition Corp. II has a 52 week low of $10.02 and a 52 week high of $10.35. The firm’s 50-day simple moving average is $10.30 and its two-hundred day simple moving average is $10.23.

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

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.