Parabellum Acquisition Corp. (NYSE:PRBM – Get Rating) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 1,400 shares, a growth of 600.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 61,700 shares, the short-interest ratio is presently 0.0 days.
Parabellum Acquisition Stock Performance
Shares of NYSE PRBM traded down $0.01 during mid-day trading on Thursday, reaching $10.41. The company had a trading volume of 140 shares, compared to its average volume of 10,996. The company has a 50-day moving average price of $10.23 and a two-hundred day moving average price of $10.02. Parabellum Acquisition has a 1-year low of $9.73 and a 1-year high of $10.70.
Get Parabellum Acquisition alerts:Hedge Funds Weigh In On Parabellum Acquisition
A number of hedge funds have recently modified their holdings of the stock. Spartan Fund Management Inc. acquired a new position in shares of Parabellum Acquisition in the 4th quarter worth $191,000. Mint Tower Capital Management B.V. purchased a new position in shares of Parabellum Acquisition during the third quarter valued at $781,000. Saba Capital Management L.P. grew its holdings in shares of Parabellum Acquisition by 9.6% during the third quarter. Saba Capital Management L.P. now owns 1,057,885 shares of the company's stock valued at $10,462,000 after buying an additional 92,600 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of Parabellum Acquisition during the third quarter valued at $1,089,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Parabellum Acquisition during the third quarter valued at $130,000. 61.49% of the stock is currently owned by institutional investors and hedge funds.
About Parabellum Acquisition
(Get Rating)Parabellum Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Dallas, Texas.
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