Pyrophyte Acquisition Corp. II (NYSE:PAII) Short Interest Update

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 60 shares, a decline of 64.9% from the April 15th total of 171 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 26,239 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Pyrophyte Acquisition Corp. II

A number of institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the third quarter valued at about $6,816,000. Westchester Capital Management LLC purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter valued at about $2,515,000. First Trust Capital Management L.P. purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the third quarter valued at about $2,490,000. Mercuria Capital Strategies LLC purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter valued at about $2,515,000. Finally, Sona Asset Management US LLC purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the first quarter valued at about $1,540,000.

Pyrophyte Acquisition Corp. II Stock Performance

PAII stock remained flat at $10.15 during trading on Friday. Pyrophyte Acquisition Corp. II has a 52-week low of $9.92 and a 52-week high of $10.22. The company has a 50 day moving average price of $10.14 and a 200 day moving average price of $10.09.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last released its quarterly earnings data on Friday, May 15th. The company reported $0.05 EPS for the quarter.

About Pyrophyte Acquisition Corp. II

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long?term, sustainable?value approach.