Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) Sees Large Growth in Short Interest

by · The Cerbat Gem

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU – Get Free Report) was the target of a significant increase in short interest in the month of 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 trading volume of 35 shares, the days-to-cover ratio is currently 0.5 days.

Silver Pegasus Acquisition Price Performance

NASDAQ:SPEGU remained flat at $10.45 on Friday. The company has a fifty day moving average of $10.71 and a two-hundred day moving average of $10.51. Silver Pegasus Acquisition has a 52-week low of $10.02 and a 52-week high of $13.66.

Institutional Investors Weigh In On Silver Pegasus Acquisition

Institutional investors and hedge funds have recently modified their holdings of the stock. BCK Capital Management LP bought a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at approximately $526,000. Gabelli Funds LLC bought a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at approximately $806,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at approximately $973,000. Yakira Capital Management Inc. bought a new stake in shares of Silver Pegasus Acquisition during the third quarter valued at approximately $814,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Silver Pegasus Acquisition in the third quarter worth about $3,561,000.

About Silver Pegasus Acquisition

(Get Free Report)

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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