Short Interest in Perception Capital Corp. III (NASDAQ:PFTA) Decreases By 77.8%

Perception Capital Corp. III (NASDAQ:PFTA) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 400 shares, a decline of 77.8% from the June 15th total of 1,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 27,300 shares, the days-to-cover ratio is presently 0.0 days.

Perception Capital Corp. III Stock Performance

PFTA stock remained flat at $11.08 on Thursday. 10 shares of the company were exchanged, compared to its average volume of 63,090. Perception Capital Corp. III has a fifty-two week low of $10.33 and a fifty-two week high of $11.94. The company has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $10.74.

Hedge Funds Weigh In On Perception Capital Corp. III

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cable Car Capital LLC bought a new position in Perception Capital Corp. III during the fourth quarter worth $3,724,000. Mizuho Securities USA LLC increased its position in Perception Capital Corp. III by 208.5% during the fourth quarter. Mizuho Securities USA LLC now owns 31,974 shares of the company’s stock worth $329,000 after acquiring an additional 21,609 shares during the period. Tuttle Capital Management LLC bought a new position in Perception Capital Corp. III during the fourth quarter worth $212,000. Prosperity Consulting Group LLC bought a new position in Perception Capital Corp. III during the first quarter worth $131,000. Finally, Quarry LP bought a new position in Perception Capital Corp. III during the fourth quarter worth $693,000. Institutional investors own 26.89% of the company’s stock.

Perception Capital Corp. III Company Profile

Perception Capital Corp. III intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.