Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) Sees Significant Increase in Short Interest

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 7,700 shares, an increase of 381.3% from the March 15th total of 1,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 74,800 shares, the short-interest ratio is presently 0.1 days.

Project Energy Reimagined Acquisition Stock Performance

PEGR traded down $0.35 during midday trading on Wednesday, hitting $10.45. 16,313 shares of the company traded hands, compared to its average volume of 85,684. Project Energy Reimagined Acquisition has a 52-week low of $7.40 and a 52-week high of $15.00. The business has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $10.56.

Hedge Funds Weigh In On Project Energy Reimagined Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Project Energy Reimagined Acquisition in the fourth quarter worth about $102,000. Goldman Sachs Group Inc. purchased a new position in shares of Project Energy Reimagined Acquisition in the first quarter worth about $128,000. Susquehanna International Group LLP purchased a new position in shares of Project Energy Reimagined Acquisition in the fourth quarter worth about $238,000. Marshall Wace LLP lifted its stake in shares of Project Energy Reimagined Acquisition by 18.9% in the third quarter. Marshall Wace LLP now owns 156,316 shares of the company's stock worth $1,539,000 after buying an additional 24,850 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of Project Energy Reimagined Acquisition by 128.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 53,223 shares of the company's stock worth $536,000 after buying an additional 29,962 shares in the last quarter. 95.52% of the stock is owned by hedge funds and other institutional investors.

About Project Energy Reimagined Acquisition

Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the Electric Grid 2.0 sector.

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