Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR – Get Rating) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 500 shares, a decline of 70.6% from the July 31st total of 1,700 shares. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is currently 0.1 days.

Project Energy Reimagined Acquisition Price Performance

Shares of Project Energy Reimagined Acquisition stock traded down $0.09 during midday trading on Thursday, reaching $9.77. The company had a trading volume of 62 shares, compared to its average volume of 2,470. Project Energy Reimagined Acquisition has a fifty-two week low of $9.23 and a fifty-two week high of $9.96. The stock has a fifty day moving average price of $9.78 and a 200 day moving average price of $9.74.

Hedge Funds Weigh In On Project Energy Reimagined Acquisition

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in Project Energy Reimagined Acquisition in the first quarter valued at approximately $128,000. Wealthspring Capital LLC acquired a new position in shares of Project Energy Reimagined Acquisition during the second quarter worth approximately $163,000. Citadel Advisors LLC raised its position in shares of Project Energy Reimagined Acquisition by 2.1% during the second quarter. Citadel Advisors LLC now owns 2,179,458 shares of the company's stock worth $21,250,000 after purchasing an additional 43,841 shares during the period. Fifth Lane Capital LP acquired a new position in shares of Project Energy Reimagined Acquisition during the fourth quarter worth approximately $495,000. Finally, Bank of Montreal Can acquired a new position in shares of Project Energy Reimagined Acquisition during the second quarter worth approximately $528,000. 48.51% of the stock is owned by institutional investors and hedge funds.

Project Energy Reimagined Acquisition Company Profile

Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Redwood City, California.

See Also

• Get a free copy of the StockNews.com research report on Project Energy Reimagined Acquisition (PEGR)
• Williams-Sonoma's High-End Consumers Are Still Spending
• Snowflake Stock Soars On Strong Results
• 3 Payroll Software Makers Set For Growth In 2023
• NVIDIA: A Top Choice In Bifurcated Chip Market?
• PENN Entertainment Stock is Reset and Ready to Rebound

Receive News & Ratings for Project Energy Reimagined Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Project Energy Reimagined Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.