share_log

Short Interest in PowerUp Acquisition Corp. (NASDAQ:PWUPW) Declines By 92.1%

kopsource ·  Sep 28, 2022 19:52

PowerUp Acquisition Corp. (NASDAQ:PWUPW – Get Rating) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 800 shares, a drop of 92.1% from the August 31st total of 10,100 shares. Based on an average trading volume of 22,900 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On PowerUp Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in PWUPW. Wolverine Asset Management LLC purchased a new position in shares of PowerUp Acquisition in the second quarter valued at approximately $68,000. Sculptor Capital LP purchased a new position in PowerUp Acquisition during the second quarter worth approximately $80,000. Linden Advisors LP purchased a new position in PowerUp Acquisition during the second quarter worth approximately $144,000. Finally, Verition Fund Management LLC purchased a new position in PowerUp Acquisition during the second quarter worth approximately $4,398,000.

Get PowerUp Acquisition alerts:

PowerUp Acquisition Price Performance

Shares of NASDAQ PWUPW traded down $0.02 during midday trading on Wednesday, hitting $0.12. The stock had a trading volume of 10,960 shares, compared to its average volume of 34,202. The company's 50 day simple moving average is $0.15. PowerUp Acquisition has a 1 year low of $0.10 and a 1 year high of $0.63.

About PowerUp Acquisition

(Get Rating)

PowerUp Acquisition Corp. 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 business within the interactive media, digital media, sports, entertainment, and/or leisure areas.

See Also

  • Get a free copy of the StockNews.com research report on PowerUp Acquisition (PWUPW)
  • Can United Natural Foods Fight Both Inflation and the Fed?
  • Mullen Automotive Is Ready To Get In Gear
  • Cracker Barrel: A Tasty Treat Or Bad Apple?
  • Defensive Stocks For A Volatile Market
  • Will UPS Be Next to Deliver a Warning?

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

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment