Pyrophyte Acquisition Corp. II (NYSE:PAII) Short Interest Down 35.8% in August

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 2,250 shares, a decline of 35.8% from the July 30th total of 3,504 shares. Based on an average trading volume of 6,845 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Pyrophyte Acquisition Corp. II

Several hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new position in Pyrophyte Acquisition Corp. II in the 4th quarter valued at about $88,000. ABC Arbitrage SA acquired a new stake in Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $252,000. Virtu Financial LLC acquired a new stake in Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $258,000. Lineage Point Capital LP purchased a new position in shares of Pyrophyte Acquisition Corp. II in the 4th quarter valued at approximately $733,000. Finally, Sona Asset Management US LLC purchased a new position in shares of Pyrophyte Acquisition Corp. II in the 1st quarter valued at approximately $1,540,000.

Pyrophyte Acquisition Corp. II Stock Performance

Pyrophyte Acquisition Corp. II stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.29. The company had a trading volume of 121,496 shares, compared to its average volume of 52,022. Pyrophyte Acquisition Corp. II has a 1 year low of $9.92 and a 1 year high of $10.30. The business has a fifty day moving average of $10.25 and a 200 day moving average of $10.18.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Pyrophyte Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Pyrophyte Acquisition Corp. II

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long‐term, sustainable‐value approach.