Pyrophyte Acquisition Corp. II (NYSE:PAII) Sees Significant Decrease in Short Interest

Pyrophyte Acquisition Corp. II (NYSE:PAII – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 335 shares, a decline of 59.7% from the September 30th total of 832 shares. Based on an average daily volume of 363,714 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Pyrophyte Acquisition Corp. II Stock Up 0.1%

NYSE PAII traded up $0.01 on Friday, reaching $10.35. 1,481 shares of the company’s stock traded hands, compared to its average volume of 259,581. Pyrophyte Acquisition Corp. II has a 12 month low of $10.02 and a 12 month high of $10.35. The stock has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.21.

Pyrophyte Acquisition Corp. II (NYSE:PAII – Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.05 EPS for the quarter.

Analyst Ratings Changes

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

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Institutional Investors Weigh In On Pyrophyte Acquisition Corp. II

A hedge fund recently bought a new stake in Pyrophyte Acquisition Corp. II stock. Deltec Asset Management LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II (NYSE:PAII – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $103,000.

About Pyrophyte Acquisition Corp. II

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Pyrophyte Acquisition Corp. II is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses.

Unlike an operating company, Pyrophyte Acquisition Corp. II does not appear to provide products or services directly. Its activities are focused on identifying and completing a suitable business combination, after which the combined company would conduct the acquired business.

Further Reading

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