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Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) Short Interest Down 70.6% in August

kopsource ·  Aug 25, 2022 16:42

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR – Get Rating) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 500 shares, a decline of 70.6% from the July 31st total of 1,700 shares. Based on an average trading volume of 6,400 shares, the days-to-cover ratio is currently 0.1 days.

Project Energy Reimagined Acquisition Price Performance

Shares of Project Energy Reimagined Acquisition stock traded down $0.09 during midday trading on Thursday, reaching $9.77. The company had a trading volume of 62 shares, compared to its average volume of 2,470. Project Energy Reimagined Acquisition has a fifty-two week low of $9.23 and a fifty-two week high of $9.96. The stock has a fifty day moving average price of $9.78 and a 200 day moving average price of $9.74.

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Hedge Funds Weigh In On Project Energy Reimagined Acquisition

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in Project Energy Reimagined Acquisition in the first quarter valued at approximately $128,000. Wealthspring Capital LLC acquired a new position in shares of Project Energy Reimagined Acquisition during the second quarter worth approximately $163,000. Citadel Advisors LLC raised its position in shares of Project Energy Reimagined Acquisition by 2.1% during the second quarter. Citadel Advisors LLC now owns 2,179,458 shares of the company's stock worth $21,250,000 after purchasing an additional 43,841 shares during the period. Fifth Lane Capital LP acquired a new position in shares of Project Energy Reimagined Acquisition during the fourth quarter worth approximately $495,000. Finally, Bank of Montreal Can acquired a new position in shares of Project Energy Reimagined Acquisition during the second quarter worth approximately $528,000. 48.51% of the stock is owned by institutional investors and hedge funds.

Project Energy Reimagined Acquisition Company Profile

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Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Redwood City, California.

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