Pearl Holdings Acquisition Corp (NASDAQ:PRLH – Get Rating) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,800 shares, an increase of 157.1% from the January 15th total of 700 shares. Based on an average daily trading volume, of 62,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PRLH. Bank of Montreal Can purchased a new position in Pearl Holdings Acquisition during the 4th quarter valued at $162,000. Ergoteles LLC purchased a new position in Pearl Holdings Acquisition during the 3rd quarter valued at $202,000. Barclays PLC grew its position in shares of Pearl Holdings Acquisition by 6.1% in the 3rd quarter. Barclays PLC now owns 20,800 shares of the company's stock worth $207,000 after buying an additional 1,200 shares during the period. UBS Group AG grew its position in shares of Pearl Holdings Acquisition by 5,507.4% in the 2nd quarter. UBS Group AG now owns 23,551 shares of the company's stock worth $233,000 after buying an additional 23,131 shares during the period. Finally, Karpus Management Inc. purchased a new stake in shares of Pearl Holdings Acquisition in the 2nd quarter worth about $247,000. 65.91% of the stock is owned by hedge funds and other institutional investors.

Pearl Holdings Acquisition Price Performance

Shares of NASDAQ PRLH remained flat at $10.34 during mid-day trading on Friday. 46,661 shares of the company traded hands, compared to its average volume of 158,072. Pearl Holdings Acquisition has a 12 month low of $9.75 and a 12 month high of $10.58. The business's 50-day moving average price is $10.26 and its 200 day moving average price is $10.11.

Pearl Holdings Acquisition Company Profile

Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring business operating in the lifestyle, health, and wellness and technology sectors.

Further Reading

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