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.

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