Pono Capital Two, Inc. (NASDAQ:PTWO) Short Interest Update

Pono Capital Two, Inc. (NASDAQ:PTWO) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 10,900 shares, a growth of 16.0% from the August 15th total of 9,400 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average trading volume of 8,800 shares, the short-interest ratio is presently 1.2 days.

Insider Buying and Selling at Pono Capital Two

In other news, major shareholder Co. Ltd. Zuu bought 4,342 shares of the stock in a transaction dated Monday, July 15th. The shares were bought at an average cost of $13.00 per share, with a total value of $56,446.00. Following the completion of the transaction, the insider now directly owns 1,471,660 shares of the company’s stock, valued at $19,131,580. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders bought 40,002 shares of company stock valued at $499,106. Company insiders own 63.90% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pono Capital Two stock. K2 Principal Fund L.P. acquired a new position in shares of Pono Capital Two, Inc. (NASDAQ:PTWO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,089 shares of the company’s stock, valued at approximately $225,000. K2 Principal Fund L.P. owned about 0.38% of Pono Capital Two at the end of the most recent reporting period. Hedge funds and other institutional investors own 60.82% of the company’s stock.

Pono Capital Two Stock Performance

PTWO traded down $0.15 during midday trading on Tuesday, reaching $10.89. 16,178 shares of the company were exchanged, compared to its average volume of 27,359. Pono Capital Two has a one year low of $8.04 and a one year high of $36.52. The company’s fifty day moving average price is $12.36 and its 200 day moving average price is $12.80.

About Pono Capital Two

Pono Capital Two, Inc does not have any significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Pono Capital Two, Inc was incorporated in 2022 and is based in Honolulu, Hawaii.