Pyrophyte Acquisition Corp. II (NYSE:PAII) Shares Shorted: Short Interest Down 59.7% in October

Pyrophyte Acquisition Corp. II (NYSE:PAII) saw a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 335 shares, a decrease of 59.7% from the September 30th total of 832 shares. Based on an average daily volume of 363,714 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Pyrophyte Acquisition Corp. II

An institutional investor recently bought a new stake in Pyrophyte Acquisition Corp. II stock. Sona Asset Management US LLC purchased a new position in shares of Pyrophyte Acquisition Corp. II (NYSE:PAII) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 0.56% of Pyrophyte Acquisition Corp. II at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

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

Pyrophyte Acquisition Corp. II Trading Up 0.1%

Shares of PAII stock traded up $0.01 on Friday, hitting $10.35. The company’s stock had a trading volume of 1,481 shares, compared to its average volume of 259,581. Pyrophyte Acquisition Corp. II has a fifty-two week low of $10.02 and a fifty-two week high of $10.35. The stock’s 50 day moving average is $10.31 and its 200-day moving average is $10.21.

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.

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.