Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDB – Get Rating) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 11,600 shares, an increase of 17.2% from the October 15th total of 9,900 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 94,200 shares, the days-to-cover ratio is currently 0.1 days.

Power & Digital Infrastructure Acquisition II Price Performance

Shares of NASDAQ XPDB opened at $9.95 on Tuesday. Power & Digital Infrastructure Acquisition II has a 52 week low of $9.70 and a 52 week high of $10.47. The firm's fifty day moving average is $9.89 and its 200 day moving average is $9.85.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in shares of Power & Digital Infrastructure Acquisition II in the first quarter worth $734,000. HBK Investments L P purchased a new position in Power & Digital Infrastructure Acquisition II during the 1st quarter valued at $4,900,000. Arena Capital Advisors LLC CA purchased a new position in Power & Digital Infrastructure Acquisition II during the 1st quarter valued at $8,945,000. HITE Hedge Asset Management LLC purchased a new position in Power & Digital Infrastructure Acquisition II during the 1st quarter valued at $2,450,000. Finally, Aristeia Capital LLC purchased a new position in Power & Digital Infrastructure Acquisition II during the 1st quarter valued at $14,700,000.

About Power & Digital Infrastructure Acquisition II

Power & Digital Infrastructure Acquisition II Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities in the renewable and transition energy sector in North America.

Further Reading

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