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

Key Points

• Short interest fell 78.4% to 455 shares as of September 15, down from 2,111 shares on August 31. Short interest represents approximately 0.0% of outstanding shares, with a 0.0-day days-to-cover ratio.
• PAII holds a consensus “Sell” rating from one analyst, despite Weiss Ratings upgrading the stock from “sell (e+)” to “sell (d-).”
• The stock opened at $10.29, near its 12-month high of $10.31, and the company reported quarterly EPS of $0.05. Several institutional investors, including Mercuria Capital Strategies, recently established positions.

Pyrophyte Acquisition Corp. II (NYSE:PAII - Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 455 shares, a decrease of 78.4% from the August 31st total of 2,111 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 44,302 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Pyrophyte Acquisition Corp. II from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

Pyrophyte Acquisition Corp. II Trading Down 0.0%

PAII opened at $10.29 on Friday. Pyrophyte Acquisition Corp. II has a 12 month low of $9.94 and a 12 month high of $10.31. The stock has a 50-day moving average of $10.27 and a 200 day moving average of $10.21.

Pyrophyte Acquisition Corp. II (NYSE:PAII - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Trading of Pyrophyte Acquisition Corp. II

A number of institutional investors have recently bought and sold shares of PAII. Lineage Point Capital LP bought a new position in Pyrophyte Acquisition Corp. II during the fourth quarter valued at $733,000. Sona Asset Management US LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II in the 1st quarter worth about $1,540,000. Finally, Mercuria Capital Strategies LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II in the 4th quarter worth about $2,515,000.

Pyrophyte Acquisition Corp. II Company Profile

Pyrophyte Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more operating companies. The transaction could take the form of a merger, share exchange, asset acquisition, reorganization, or similar corporate combination.

As a blank-check company, Pyrophyte Acquisition Corp. II does not conduct significant operating activities or offer products and services of its own. Its primary activities involve evaluating potential acquisition targets, negotiating a transaction, and seeking shareholder approval for a proposed business combination.

The company was formed as a newly organized acquisition vehicle and has not publicly identified a completed operating business.

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