Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS) Short Interest Update

Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 57,000 shares, an increase of 7,025.0% from the March 31st total of 800 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 43,600 shares, the days-to-cover ratio is presently 1.3 days.

Pegasus Digital Mobility Acquisition Trading Down 5.0 %

Shares of Pegasus Digital Mobility Acquisition stock opened at $10.85 on Friday. Pegasus Digital Mobility Acquisition has a 52-week low of $10.00 and a 52-week high of $11.50. The company’s 50-day simple moving average is $11.18 and its 200-day simple moving average is $11.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGSS. Spartan Fund Management Inc. acquired a new position in Pegasus Digital Mobility Acquisition during the fourth quarter worth about $398,000. K2 Principal Fund L.P. acquired a new position in Pegasus Digital Mobility Acquisition during the fourth quarter worth about $586,000. Quarry LP grew its position in Pegasus Digital Mobility Acquisition by 1,443.6% during the fourth quarter. Quarry LP now owns 130,000 shares of the company’s stock worth $1,436,000 after buying an additional 121,578 shares during the period. Linden Advisors LP acquired a new position in Pegasus Digital Mobility Acquisition during the third quarter worth about $2,462,000. Finally, Mizuho Securities USA LLC acquired a new position in Pegasus Digital Mobility Acquisition during the third quarter worth about $2,561,000. 46.03% of the stock is currently owned by institutional investors and hedge funds.

Pegasus Digital Mobility Acquisition Company Profile

Pegasus Digital Mobility Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify potential business combination targets in the transportation sector.