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PepperLime Health Acquisition Co. (NASDAQ:PEPL) Sees Large Decrease in Short Interest

kopsource ·  Dec 31, 2022 10:22

PepperLime Health Acquisition Co. (NASDAQ:PEPL – Get Rating) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 7,000 shares, a decrease of 19.5% from the November 30th total of 8,700 shares. Based on an average trading volume of 33,200 shares, the days-to-cover ratio is currently 0.2 days.

PepperLime Health Acquisition Trading Up 0.6 %

PEPL stock traded up $0.06 during trading on Friday, hitting $10.21. The company had a trading volume of 1,391 shares, compared to its average volume of 58,359. PepperLime Health Acquisition has a 52-week low of $9.71 and a 52-week high of $10.40. The company has a 50 day simple moving average of $10.11 and a 200-day simple moving average of $9.99.

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Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Clear Street LLC purchased a new position in PepperLime Health Acquisition in the 2nd quarter worth about $31,000. Robinson Capital Management LLC bought a new position in PepperLime Health Acquisition during the 2nd quarter worth about $46,000. Saba Capital Management L.P. grew its holdings in PepperLime Health Acquisition by 2.0% during the 1st quarter. Saba Capital Management L.P. now owns 295,703 shares of the company's stock worth $2,910,000 after acquiring an additional 5,786 shares in the last quarter. Ayrton Capital LLC bought a new position in PepperLime Health Acquisition during the 1st quarter worth about $128,000. Finally, Karpus Management Inc. grew its holdings in PepperLime Health Acquisition by 4.4% during the 2nd quarter. Karpus Management Inc. now owns 461,025 shares of the company's stock worth $4,548,000 after acquiring an additional 19,300 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

PepperLime Health Acquisition Company Profile

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PepperLime Health Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California.

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