White Pearl Acquisition Corp. (NYSE:WPAC) Sees Significant Drop in Short Interest

White Pearl Acquisition Corp. (NYSE:WPAC) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 371 shares, a drop of 84.1% from the June 15th total of 2,335 shares. Based on an average daily trading volume, of 13,015 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of White Pearl Acquisition in a report on Monday, June 1st. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

White Pearl Acquisition Stock Up 0.2%

Shares of White Pearl Acquisition stock traded up $0.02 during midday trading on Friday, hitting $10.03. The company’s stock had a trading volume of 15,006 shares, compared to its average volume of 44,220. White Pearl Acquisition has a 1-year low of $9.82 and a 1-year high of $11.89.

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.