Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 18 shares, an increase of 125.0% from the April 30th total of 8 shares. Based on an average daily volume of 35 shares, the short-interest ratio is presently 0.5 days.
Silver Pegasus Acquisition Price Performance
SPEGU stock remained flat at $10.45 during trading on Monday. Silver Pegasus Acquisition has a 1 year low of $10.02 and a 1 year high of $13.66. The firm has a 50 day moving average price of $10.71 and a 200-day moving average price of $10.51.
Hedge Funds Weigh In On Silver Pegasus Acquisition
Hedge funds have recently added to or reduced their stakes in the company. Clear Street Group Inc. purchased a new stake in Silver Pegasus Acquisition during the 3rd quarter valued at $84,000. Citadel Advisors LLC bought a new position in shares of Silver Pegasus Acquisition during the third quarter valued at $144,000. BCK Capital Management LP purchased a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at $526,000. Gabelli Funds LLC purchased a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at $806,000. Finally, Yakira Capital Management Inc. bought a new stake in Silver Pegasus Acquisition in the 3rd quarter worth about $814,000.
About Silver Pegasus Acquisition
Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.
The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.
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