Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) Sees Large Decline in Short Interest

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGRGet Free Report) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 5,700 shares, a drop of 38.7% from the May 15th total of 9,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 79,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Project Energy Reimagined Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Glazer Capital LLC purchased a new position in Project Energy Reimagined Acquisition during the 4th quarter valued at about $6,348,000. Berkley W R Corp increased its position in Project Energy Reimagined Acquisition by 327.5% during the 4th quarter. Berkley W R Corp now owns 850,204 shares of the company’s stock valued at $8,995,000 after purchasing an additional 651,344 shares during the period. Kim LLC purchased a new position in shares of Project Energy Reimagined Acquisition in the 4th quarter worth approximately $2,774,000. Mizuho Securities USA LLC acquired a new stake in Project Energy Reimagined Acquisition in the 4th quarter worth approximately $4,869,000. Finally, Picton Mahoney Asset Management lifted its stake in Project Energy Reimagined Acquisition by 78.1% during the 4th quarter. Picton Mahoney Asset Management now owns 1,140,000 shares of the company’s stock valued at $12,050,000 after acquiring an additional 500,000 shares during the period. Institutional investors own 95.52% of the company’s stock.

Project Energy Reimagined Acquisition Trading Up 1.0 %

PEGR traded up $0.11 on Thursday, reaching $11.51. 4,642 shares of the company traded hands, compared to its average volume of 60,516. Project Energy Reimagined Acquisition has a one year low of $7.40 and a one year high of $15.00. The firm has a fifty day simple moving average of $9.58 and a two-hundred day simple moving average of $10.22.

About Project Energy Reimagined Acquisition

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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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