Pearl Holdings Acquisition Corp (NASDAQ:PRLH) Short Interest Update

Pearl Holdings Acquisition Corp (NASDAQ:PRLH) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,000 shares, an increase of 66.7% from the October 15th total of 600 shares. Based on an average trading volume of 11,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Pearl Holdings Acquisition

An institutional investor recently raised its position in Pearl Holdings Acquisition stock. Wolverine Asset Management LLC boosted its stake in Pearl Holdings Acquisition Corp (NASDAQ:PRLH) by 13,618.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,167 shares of the company’s stock after buying an additional 88,517 shares during the period. Wolverine Asset Management LLC owned 1.24% of Pearl Holdings Acquisition worth $983,000 at the end of the most recent reporting period. 8.31% of the stock is currently owned by hedge funds and other institutional investors.

Pearl Holdings Acquisition Stock Performance

NASDAQ:PRLH remained flat at $11.26 on Wednesday. 101 shares of the company’s stock traded hands, compared to its average volume of 12,673. The firm’s 50-day simple moving average is $11.18 and its two-hundred day simple moving average is $11.07. Pearl Holdings Acquisition has a 52-week low of $10.65 and a 52-week high of $11.48.

About Pearl Holdings Acquisition

Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the lifestyle, health and wellness, and technology sectors.