Pyrophyte Acquisition Corp. II (NYSE:PAII) Short Interest Update

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 60 shares, a decline of 64.9% from the April 15th total of 171 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 26,239 shares, the short-interest ratio is currently 0.0 days.

Pyrophyte Acquisition Corp. II Stock Performance

PAII traded up $0.01 during trading hours on Friday, hitting $10.16. Pyrophyte Acquisition Corp. II has a one year low of $9.92 and a one year high of $10.22. The company has a fifty day moving average of $10.14 and a 200-day moving average of $10.09.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last announced its earnings results on Friday, May 15th. The company reported $0.05 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Pyrophyte Acquisition Corp. II currently has an average rating of “Sell”.

Institutional Investors Weigh In On Pyrophyte Acquisition Corp. II

Several large investors have recently added to or reduced their stakes in the business. Sona Asset Management US LLC purchased a new stake in Pyrophyte Acquisition Corp. II during the 1st quarter worth approximately $1,540,000. Lineage Point Capital LP acquired a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $733,000. Virtu Financial LLC acquired a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $258,000. Westchester Capital Management LLC acquired a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $2,515,000. Finally, Mercuria Capital Strategies LLC acquired a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $2,515,000.

Pyrophyte Acquisition Corp. II Company Profile

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long‐term, sustainable‐value approach.