Short Interest in Perception Capital Corp. III (NASDAQ:PFTA) Increases By 44.4%

Perception Capital Corp. III (NASDAQ:PFTA) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,300 shares, a growth of 44.4% from the July 15th total of 900 shares. Based on an average daily volume of 25,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Perception Capital Corp. III Price Performance

NASDAQ:PFTA traded up $0.17 on Wednesday, reaching $10.90. The stock had a trading volume of 266 shares, compared to its average volume of 1,065. Perception Capital Corp. III has a 1-year low of $10.34 and a 1-year high of $12.60. The stock has a fifty day moving average price of $10.95 and a 200-day moving average price of $10.80.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PFTA. Cable Car Capital LLC bought a new position in shares of Perception Capital Corp. III in the fourth quarter valued at about $3,724,000. Berkley W R Corp increased its position in Perception Capital Corp. III by 31.7% in the 2nd quarter. Berkley W R Corp now owns 341,197 shares of the company’s stock valued at $3,705,000 after acquiring an additional 82,154 shares in the last quarter. Quarry LP bought a new position in shares of Perception Capital Corp. III in the fourth quarter worth about $693,000. Virtu Financial LLC bought a new position in shares of Perception Capital Corp. III in the first quarter worth about $485,000. Finally, Spartan Fund Management Inc. acquired a new position in shares of Perception Capital Corp. III during the first quarter worth approximately $401,000. 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.