Parabellum Acquisition Corp. (NYSE:PRBM – Get Rating) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,900 shares, an increase of 35.7% from the June 30th total of 1,400 shares. Based on an average trading volume of 5,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Basso Capital Management L.P. increased its position in shares of Parabellum Acquisition by 53.6% in the first quarter. Basso Capital Management L.P. now owns 9,748 shares of the company's stock valued at $96,000 after buying an additional 3,400 shares in the last quarter. Texas Yale Capital Corp. purchased a new stake in shares of Parabellum Acquisition in the fourth quarter valued at approximately $98,000. Verition Fund Management LLC purchased a new stake in shares of Parabellum Acquisition in the first quarter valued at approximately $1,551,000. Bank of America Corp DE purchased a new stake in shares of Parabellum Acquisition in the first quarter valued at approximately $2,849,000. Finally, Beryl Capital Management LLC increased its position in shares of Parabellum Acquisition by 347.2% in the fourth quarter. Beryl Capital Management LLC now owns 670,864 shares of the company's stock valued at $6,541,000 after buying an additional 520,864 shares in the last quarter.

Parabellum Acquisition Trading Up 0.3 %

Shares of PRBM stock opened at $9.92 on Wednesday. The stock has a 50 day moving average of $9.86 and a 200 day moving average of $9.83. Parabellum Acquisition has a twelve month low of $9.73 and a twelve month high of $10.05.

About Parabellum Acquisition

Parabellum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.

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