185,000 Shares in Pony AI Inc. (NASDAQ:PONY) Acquired by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC bought a new stake in Pony AI Inc. (NASDAQ:PONY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 185,000 shares of the company's stock, valued at approximately $2,655,000. Ghisallo Capital Management LLC owned approximately 0.05% of Pony AI at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pinpoint Asset Management Ltd purchased a new position in shares of Pony AI in the fourth quarter valued at approximately $108,000. Barclays PLC purchased a new position in Pony AI during the fourth quarter worth approximately $212,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Pony AI during the fourth quarter worth approximately $281,000. Walleye Capital LLC purchased a new position in Pony AI during the fourth quarter worth approximately $402,000. Finally, Ovata Capital Management Ltd purchased a new position in Pony AI during the fourth quarter worth approximately $538,000.

Pony AI Price Performance

NASDAQ:PONY traded down $0.08 on Thursday, reaching $9.01. 5,236,159 shares of the company's stock were exchanged, compared to its average volume of 3,682,372. The business has a fifty day simple moving average of $10.20. Pony AI Inc. has a 52-week low of $4.11 and a 52-week high of $23.88.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Pony AI in a research note on Tuesday, January 14th. They set a "buy" rating and a $20.00 target price for the company.

Pony AI Company Profile

Pony AI Inc, through its subsidiaries, engages in the autonomous mobility principally in the People's Republic of China and the United States. The company provides robotruck services, such as transportation services to the logistics platforms. Pony AI Inc is based in Guangzhou, the People's Republic of China.