Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGRW) Sees Large Increase in Short Interest

Posted by Donald Scott on Apr 26th, 2024

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGRW – Get Free Report) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 46,200 shares, a growth of 15,300.0% from the March 31st total of 300 shares. Based on an average daily volume of 24,400 shares, the short-interest ratio is presently 1.9 days.

Project Energy Reimagined Acquisition Stock Performance

NASDAQ:PEGRW opened at $0.09 on Friday. Project Energy Reimagined Acquisition has a one year low of $0.01 and a one year high of $0.20. The stock has a 50-day simple moving average of $0.07 and a 200 day simple moving average of $0.05.

About Project Energy Reimagined Acquisition

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Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the Electric Grid 2.0 sector.