White Pearl Acquisition Corp. (NYSE:WPAC – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 2,335 shares, a decline of 45.2% from the May 31st total of 4,263 shares. Based on an average daily trading volume, of 4,073 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are sold short.
White Pearl Acquisition Stock Up 0.6%
White Pearl Acquisition stock traded up $0.07 during midday trading on Thursday, reaching $10.07. 217 shares of the stock were exchanged, compared to its average volume of 45,726. White Pearl Acquisition has a 52 week low of $9.82 and a 52 week high of $11.89.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings started coverage on White Pearl Acquisition in a report on Monday, June 1st. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
About White Pearl Acquisition
White Pearl Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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