Provident Acquisition Corp. (NASDAQ:PAQCW) Short Interest Update

Provident Acquisition Corp. (NASDAQ:PAQCWGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 10,800 shares, an increase of 163.4% from the April 15th total of 4,100 shares. Based on an average daily trading volume, of 38,500 shares, the days-to-cover ratio is currently 0.3 days.

NASDAQ:PAQCW remained flat at $$0.34 during midday trading on Friday. The company had a trading volume of 200 shares, compared to its average volume of 51,996. Provident Acquisition has a 52 week low of $0.22 and a 52 week high of $1.01.

An institutional investor recently raised its position in Provident Acquisition stock. Sculptor Capital LP boosted its stake in shares of Provident Acquisition Corp. (NASDAQ:PAQCWGet Rating) by 276.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 188,469 shares of the company’s stock after purchasing an additional 138,469 shares during the period. Sculptor Capital LP’s holdings in Provident Acquisition were worth $83,000 at the end of the most recent quarter.

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