Pyrophyte Acquisition Corp. II (NYSE:PAII) Stock Short Interest Falls 59.7%

Pyrophyte Acquisition Corp. II (NYSE:PAII - Get Free Report) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 335 shares, a decrease of 59.7% from the September 30th total of 832 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 363,714 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Pyrophyte Acquisition Corp. II

A hedge fund recently bought a new stake in Pyrophyte Acquisition Corp. II stock. Sona Asset Management US LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II (NYSE:PAII - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 151,757 shares of the company's stock, valued at approximately $1,540,000. Sona Asset Management US LLC owned 0.56% of Pyrophyte Acquisition Corp. II at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Pyrophyte Acquisition Corp. II from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Pyrophyte Acquisition Corp. II currently has an average rating of "Sell".

Pyrophyte Acquisition Corp. II Stock Performance

PAII opened at $10.34 on Thursday. Pyrophyte Acquisition Corp. II has a fifty-two week low of $10.02 and a fifty-two week high of $10.35. The firm's fifty day moving average is $10.31 and its 200 day moving average is $10.20.

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

Pyrophyte Acquisition Corp. II Company Profile

Pyrophyte Acquisition Corp. II is a blank-check company, also known as a special purpose acquisition company (SPAC), incorporated to pursue a merger, acquisition, share exchange, asset acquisition, reorganization or similar business combination with one or more businesses.

Unlike an operating company, Pyrophyte Acquisition Corp. II does not appear to provide products or services directly. Its activities are focused on identifying and completing a suitable business combination, after which the combined company would conduct the acquired business.

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