Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 18 shares, a growth of 125.0% from the April 30th total of 8 shares. Based on an average daily volume of 35 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Silver Pegasus Acquisition
Institutional investors have recently bought and sold shares of the stock. BCK Capital Management LP bought a new position in Silver Pegasus Acquisition in the 3rd quarter worth $526,000. Gabelli Funds LLC bought a new position in Silver Pegasus Acquisition in the 3rd quarter worth $806,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Silver Pegasus Acquisition during the 3rd quarter worth approximately $973,000. Yakira Capital Management Inc. bought a new stake in Silver Pegasus Acquisition during the 3rd quarter worth approximately $814,000. Finally, Bulldog Investors LLP bought a new stake in Silver Pegasus Acquisition during the 3rd quarter worth approximately $2,434,000.
Silver Pegasus Acquisition Stock Performance
Shares of NASDAQ:SPEGU remained flat at $10.45 during trading on Friday. The stock’s 50-day moving average is $10.71 and its two-hundred day moving average is $10.51. Silver Pegasus Acquisition has a 12 month low of $10.02 and a 12 month high of $13.66.
About Silver Pegasus Acquisition
Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.
The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.
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