Pyrophyte Acquisition Corp. (NYSE:PHYT – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,700 shares, an increase of 183.3% from the November 30th total of 600 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada bought a new position in Pyrophyte Acquisition during the 1st quarter worth approximately $88,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Pyrophyte Acquisition during the 1st quarter worth approximately $994,000. First Trust Capital Management L.P. grew its position in shares of Pyrophyte Acquisition by 25.4% during the 3rd quarter. First Trust Capital Management L.P. now owns 125,381 shares of the company's stock worth $1,273,000 after buying an additional 25,381 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Pyrophyte Acquisition during the 3rd quarter worth approximately $2,335,000. Finally, Karpus Management Inc. grew its position in shares of Pyrophyte Acquisition by 18.0% during the 2nd quarter. Karpus Management Inc. now owns 233,825 shares of the company's stock worth $2,338,000 after buying an additional 35,625 shares during the period. Institutional investors own 74.11% of the company's stock.
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Pyrophyte Acquisition Stock Up 0.2 %
Pyrophyte Acquisition stock traded up $0.02 during mid-day trading on Wednesday, hitting $10.33. 117,838 shares of the stock were exchanged, compared to its average volume of 52,088. Pyrophyte Acquisition has a 12 month low of $9.86 and a 12 month high of $10.48. The firm's fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $10.13.
About Pyrophyte Acquisition
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Pyrophyte Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses or assets in the energy transition industries. The company was incorporated in 2021 and is based in Houston, Texas.
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