Short Interest in Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) Decreases By 55.6%

Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 8 shares, a decline of 55.6% from the May 14th total of 18 shares. Based on an average daily trading volume, of 1,539 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Clear Street Group Inc. increased its stake in shares of Silver Pegasus Acquisition by 280.9% during the 4th quarter. Clear Street Group Inc. now owns 31,354 shares of the company’s stock worth $323,000 after purchasing an additional 23,122 shares during the last quarter. Heights Capital Management Inc. acquired a new position in shares of Silver Pegasus Acquisition during the 3rd quarter worth about $2,038,000. Citadel Advisors LLC acquired a new position in shares of Silver Pegasus Acquisition during the 3rd quarter worth about $144,000. Bulldog Investors LLP acquired a new position in shares of Silver Pegasus Acquisition during the 3rd quarter worth about $2,434,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Silver Pegasus Acquisition during the 3rd quarter worth about $1,017,000.

Silver Pegasus Acquisition Stock Up 2.5%

SPEGU stock traded up $0.27 during midday trading on Friday, hitting $10.87. The company’s stock had a trading volume of 271 shares, compared to its average volume of 1,283. Silver Pegasus Acquisition has a twelve month low of $10.02 and a twelve month high of $13.66. The company’s fifty day moving average price is $10.73 and its 200 day moving average price is $10.52.

Silver Pegasus Acquisition Company Profile

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.