Pyrophyte Acquisition Corp. II (NYSE:PAII) Stock Short Interest Report for September

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 832 shares, a growth of 82.9% from the September 15th total of 455 shares. Based on an average trading volume of 104,452 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Pyrophyte Acquisition Corp. II Stock Performance

Shares of NYSE PAII traded down $0.01 during midday trading on Friday, reaching $10.30. 210,015 shares of the stock were exchanged, compared to its average volume of 86,269. The stock has a 50 day moving average price of $10.30 and a 200-day moving average price of $10.23. Pyrophyte Acquisition Corp. II has a 52-week low of $10.02 and a 52-week high of $10.35.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pyrophyte Acquisition Corp. II stock. Sona Asset Management US LLC purchased a new position in shares of Pyrophyte Acquisition Corp. II (NYSE:PAII) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 151,757 shares of the company’s stock, valued at approximately $1,540,000. Sona Asset Management US LLC owned 0.56% of Pyrophyte Acquisition Corp. II as of its most recent SEC filing.

About Pyrophyte Acquisition Corp. II

Pyrophyte Acquisition Corp. II is a special purpose acquisition company (SPAC) listed on the New York Stock Exchange under the symbol PAII. The company was formed to identify and complete a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.

As a SPAC, Pyrophyte Acquisition Corp. II does not have established commercial operations, products, or services of its own. Its primary activities involve evaluating potential acquisition targets and pursuing a transaction that would allow a private company to become publicly traded.

The company’s specific acquisition target, operating geography, and post-transaction business activities had not been publicly established in the information available.