Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS – Get Rating) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,000 shares, an increase of 100.0% from the October 15th total of 500 shares. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is presently 0.0 days.

Pegasus Digital Mobility Acquisition Stock Down 0.1 %

Shares of NYSE:PGSS opened at $10.12 on Friday. Pegasus Digital Mobility Acquisition has a twelve month low of $9.70 and a twelve month high of $10.17. The stock's 50 day moving average is $10.07 and its 200-day moving average is $9.99.

Hedge Funds Weigh In On Pegasus Digital Mobility Acquisition

A hedge fund recently raised its stake in Pegasus Digital Mobility Acquisition stock. Millennium Management LLC lifted its position in shares of Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS – Get Rating) by 93.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,798 shares of the company's stock after purchasing an additional 139,841 shares during the quarter. Millennium Management LLC owned 1.03% of Pegasus Digital Mobility Acquisition worth $2,871,000 at the end of the most recent reporting period. 53.05% of the stock is currently owned by hedge funds and other institutional investors.

About Pegasus Digital Mobility Acquisition

Pegasus Digital Mobility Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of the transportation sector.

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