Short Interest in Pershing Square Inc. (NYSE:PS) Grows By ∞

Pershing Square Inc. (NYSE:PS) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 549,528 shares, an increase of ∞ from the April 15th total of 0 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 513,090 shares, the short-interest ratio is currently 1.1 days.

Pershing Square Trading Down 3.8%

PS traded down $1.61 on Friday, hitting $41.00. The company had a trading volume of 428,730 shares, compared to its average volume of 1,177,485. The firm has a market cap of $6.09 billion, a P/E ratio of -35.34 and a beta of 2.27. Pershing Square has a 1 year low of $22.01 and a 1 year high of $54.94.

Insider Transactions at Pershing Square

In related news, CEO William A. Ackman acquired 800,000 shares of Pershing Square stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $23.77 per share, for a total transaction of $19,016,000.00. Following the acquisition, the chief executive officer owned 1,500,000 shares in the company, valued at approximately $35,655,000. This represents a 114.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 21.79% of the company’s stock.

About Pershing Square

Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.