White Pearl Acquisition Corp. (NYSE:WPAC) Sees Large Drop in Short Interest

White Pearl Acquisition Corp. (NYSE:WPAC) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 4,263 shares, a decrease of 74.4% from the May 14th total of 16,620 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,760 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of White Pearl Acquisition in a research report on Monday, June 1st. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, White Pearl Acquisition currently has a consensus rating of “Sell”.

White Pearl Acquisition Stock Performance

Shares of WPAC stock traded down $0.23 on Friday, hitting $10.01. The company’s stock had a trading volume of 8,000 shares, compared to its average volume of 51,175. White Pearl Acquisition has a fifty-two week low of $9.82 and a fifty-two week high of $11.89.

White Pearl Acquisition Company Profile

White Pearl Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.