Parabellum Acquisition Corp. (NYSE:PRBM – Get Rating) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 1,400 shares, a growth of 600.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 61,700 shares, the short-interest ratio is presently 0.0 days.

Parabellum Acquisition Stock Performance

Shares of NYSE PRBM traded down $0.01 during mid-day trading on Thursday, reaching $10.41. The company had a trading volume of 140 shares, compared to its average volume of 10,996. The company has a 50-day moving average price of $10.23 and a two-hundred day moving average price of $10.02. Parabellum Acquisition has a 1-year low of $9.73 and a 1-year high of $10.70.

Hedge Funds Weigh In On Parabellum Acquisition

A number of hedge funds have recently modified their holdings of the stock. Spartan Fund Management Inc. acquired a new position in shares of Parabellum Acquisition in the 4th quarter worth $191,000. Mint Tower Capital Management B.V. purchased a new position in shares of Parabellum Acquisition during the third quarter valued at $781,000. Saba Capital Management L.P. grew its holdings in shares of Parabellum Acquisition by 9.6% during the third quarter. Saba Capital Management L.P. now owns 1,057,885 shares of the company's stock valued at $10,462,000 after buying an additional 92,600 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Parabellum Acquisition during the third quarter valued at $1,089,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Parabellum Acquisition during the third quarter valued at $130,000. 61.49% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

• Get a free copy of the StockNews.com research report on Parabellum Acquisition (PRBM)
• The Future Of E-Commerce: Analysis And New Data
• Chevron Delights Shareholders with $75 Billion in Share Buybacks
• Levi Strauss Is A Good Fit For Income Investors
• 3 Small Caps That Have Big Upside
• Mullen Automotive: The Good News, The Bad And The Ugly Outlook

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