Parabellum Acquisition Corp. (NYSE:PRBM – Get Rating) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 1,400 shares, an increase of 27.3% from the June 15th total of 1,100 shares. Based on an average trading volume of 25,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Parabellum Acquisition

Hedge funds have recently added to or reduced their stakes in the company. Basso Capital Management L.P. increased its stake in 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 purchasing an additional 3,400 shares during the last quarter. Texas Yale Capital Corp. purchased a new position in Parabellum Acquisition in the fourth quarter valued at approximately $98,000. Verition Fund Management LLC purchased a new position in Parabellum Acquisition in the first quarter valued at approximately $1,551,000. Bank of America Corp DE purchased a new position in Parabellum Acquisition in the first quarter valued at approximately $2,849,000. Finally, Beryl Capital Management LLC increased its stake in 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 purchasing an additional 520,864 shares during the last quarter.

Parabellum Acquisition Price Performance

Shares of NYSE:PRBM opened at $9.86 on Wednesday. The firm's 50 day moving average price is $9.85 and its 200 day moving average price is $9.82. Parabellum Acquisition has a fifty-two week low of $9.73 and a fifty-two week 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.

Read More

• Get a free copy of the StockNews.com research report on Parabellum Acquisition (PRBM)
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