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Perception Capital Corp. II (NASDAQ:PCCT) Sees Large Decline in Short Interest

kopsource ·  Sep 17, 2022 00:32

Perception Capital Corp. II (NASDAQ:PCCT – Get Rating) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,900 shares, a decrease of 24.0% from the August 15th total of 2,500 shares. Based on an average trading volume of 23,300 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Perception Capital Corp. II

Hedge funds have recently modified their holdings of the business. Centiva Capital LP raised its holdings in shares of Perception Capital Corp. II by 39.6% during the second quarter. Centiva Capital LP now owns 32,745 shares of the company's stock worth $329,000 after acquiring an additional 9,289 shares in the last quarter. Bank of Montreal Can acquired a new position in Perception Capital Corp. II during the second quarter worth $226,000. Wolverine Asset Management LLC increased its position in Perception Capital Corp. II by 0.7% during the second quarter. Wolverine Asset Management LLC now owns 948,663 shares of the company's stock worth $9,534,000 after buying an additional 6,940 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in Perception Capital Corp. II during the second quarter worth $6,603,000. Finally, Verition Fund Management LLC acquired a new position in Perception Capital Corp. II during the first quarter worth $3,030,000. Hedge funds and other institutional investors own 65.23% of the company's stock.

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Perception Capital Corp. II Stock Performance

Shares of NASDAQ:PCCT remained flat at $10.15 on Friday. The stock had a trading volume of 4 shares, compared to its average volume of 19,212. Perception Capital Corp. II has a one year low of $9.82 and a one year high of $10.16. The firm has a fifty day simple moving average of $10.11 and a 200 day simple moving average of $10.05.

Perception Capital Corp. II Company Profile

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Perception Capital Corp. II does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and acquire a technology-enabled company with a proven business model operating within various sectors related to industrial technology.

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