Pearl Holdings Acquisition Corp ( NASDAQ:PRLH ) is seeing a big decline in short interest

Pearl Holdings Acquisition Corp (NASDAQ:PRLH – Get Free Report) was the target of a large short interest decline in June. As of June 15, short interest totaled 100 shares, down 96.4% from May 31, when it was 2,800 shares. Based on an average daily volume of 3,100 shares, the short interest ratio currently stands at 0.0 days. There are currently 0.0% of the company’s shares sold short.

Pearl Holdings Acquisition Price Results

NASDAQ:PRLH opened at $11.02 on Friday. The company has a 50-day moving average price of $10.96 and a 200-day moving average price of $10.83. Pearl Holdings Acquisition has a 1-year low of $10.54 and a 1-year high of $11.48.

Institutional investors are considering a takeover of Pearl Holdings

A hedge fund recently bought a new stake in Pearl Holdings Acquisition. K2 Principal Fund LP bought a new position in shares of Pearl Holdings Acquisition Corp (NASDAQ:PRLH – Free Report) during the fourth quarter, according to the company’s most recent filing with the Securities & Exchange Commission. An institutional investor bought 100,000 shares of the company’s stock worth approximately $1,071,000. K2 Principal Fund LP owned about 0.40% of Pearl Holdings Acquisition stock at the end of the last quarter. Institutional investors hold 8.31% of the company’s shares.

Pearl Holdings Acquisition Information

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Pearl Holdings Acquisition Corp has no significant operations. The Company intends to enter into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It intends to focus its search on a target company operating in the lifestyle, health and wellness, and technology sectors.

Pearl Holdings Acquisition Price Results

Institutional investors are considering a takeover of Pearl Holdings

Pearl Holdings Acquisition Information

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