Peridot Acquisition Corp. II (NYSE:PDOT) Sees Large Drop in Short Interest

Peridot Acquisition Corp. II (NYSE:PDOT) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 4,100 shares, a decline of 50.0% from the December 15th total of 8,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 40,300 shares, the short-interest ratio is presently 0.1 days.

NYSE PDOT opened at $9.72 on Friday. Peridot Acquisition Corp. II has a 12-month low of $9.61 and a 12-month high of $10.60. The firm has a 50-day moving average price of $9.75 and a two-hundred day moving average price of $9.73.

Several institutional investors have recently modified their holdings of PDOT. Cohanzick Management LLC increased its position in Peridot Acquisition Corp. II by 2.8% during the 2nd quarter. Cohanzick Management LLC now owns 150,000 shares of the company’s stock worth $1,464,000 after purchasing an additional 4,107 shares in the last quarter. Clear Street LLC acquired a new position in Peridot Acquisition Corp. II in the 4th quarter valued at approximately $98,000. Finally, Berkley W R Corp increased its position in Peridot Acquisition Corp. II by 59.8% in the 2nd quarter. Berkley W R Corp now owns 400,980 shares of the company’s stock valued at $3,894,000 after acquiring an additional 149,997 shares during the period. 49.34% of the stock is owned by institutional investors.

Peridot Acquisition Corp. II Company Profile

Peridot Acquisition Corp. II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2021 and is based in Houston, Texas.

Read More: High-Yield Dividend Stocks

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