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Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDBU) Sees Significant Decline in Short Interest

Defense World ·  Jul 18, 2022 01:41

Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDBU – Get Rating) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 8,800 shares, a decline of 26.1% from the June 15th total of 11,900 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,300 shares, the short-interest ratio is presently 1.2 days.

Power & Digital Infrastructure Acquisition II Stock Up 0.3 %

NASDAQ XPDBU opened at $9.94 on Monday. Power & Digital Infrastructure Acquisition II has a 52-week low of $9.88 and a 52-week high of $11.00. The company has a fifty day moving average of $9.97 and a 200-day moving average of $10.04.

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Institutional Trading of Power & Digital Infrastructure Acquisition II

A number of hedge funds have recently made changes to their positions in the stock. Exos Asset Management LLC lifted its stake in Power & Digital Infrastructure Acquisition II by 28.8% in the first quarter. Exos Asset Management LLC now owns 64,391 shares of the company's stock worth $646,000 after purchasing an additional 14,391 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Power & Digital Infrastructure Acquisition II in the fourth quarter worth $341,000. Castle Creek Arbitrage LLC bought a new stake in Power & Digital Infrastructure Acquisition II in the fourth quarter worth $496,000. Parallax Volatility Advisers L.P. bought a new stake in Power & Digital Infrastructure Acquisition II in the fourth quarter worth $509,000. Finally, CSS LLC IL bought a new stake in Power & Digital Infrastructure Acquisition II in the fourth quarter worth $928,000.

About Power & Digital Infrastructure Acquisition II

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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.

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