Pelican Acquisition II Corporation (NASDAQ:PLCI) Sees Large Increase in Short Interest

Pelican Acquisition II Corporation (NASDAQ:PLCI) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 3,575 shares, an increase of 119,066.7% from the August 15th total of 3 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 22,157 shares, the days-to-cover ratio is presently 0.2 days.

Pelican Acquisition II Price Performance

NASDAQ:PLCI opened at $9.89 on Friday. Pelican Acquisition II has a 12-month low of $9.85 and a 12-month high of $10.44.

Pelican Acquisition II Company Profile

Pelican Acquisition II Corporation is a blank check company. It formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Pelican Acquisition II Corporation is based in NEW YORK.