Pono Capital Corp. (NASDAQ:PONO – Get Rating) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,300 shares, a decline of 31.6% from the October 15th total of 1,900 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 42,000 shares, the days-to-cover ratio is currently 0.0 days.

Pono Capital Price Performance

PONO traded down $0.01 during trading on Monday, hitting $10.22. 103 shares of the company traded hands, compared to its average volume of 39,125. Pono Capital has a one year low of $9.93 and a one year high of $10.23. The stock's fifty day moving average is $10.20 and its 200 day moving average is $10.15.

Institutional Investors Weigh In On Pono Capital

Large investors have recently modified their holdings of the stock. UBS Group AG raised its stake in Pono Capital by 4,175.0% in the 1st quarter. UBS Group AG now owns 2,565 shares of the company's stock valued at $26,000 after acquiring an additional 2,505 shares during the period. Glazer Capital LLC bought a new position in Pono Capital in the 1st quarter worth approximately $138,000. EHP Funds Inc. purchased a new position in Pono Capital in the 1st quarter valued at approximately $150,000. Landscape Capital Management L.L.C. bought a new stake in Pono Capital during the 3rd quarter valued at $154,000. Finally, OTA Financial Group L.P. purchased a new stake in shares of Pono Capital during the second quarter worth $266,000. Hedge funds and other institutional investors own 75.57% of the company's stock.

About Pono Capital

Pono Capital Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, artificial intelligence, consumer healthcare and wellness, biomedical technology, entertainment/gaming, distance learning, and online retail and e-sports.

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