Pono Capital Two, Inc. (NASDAQ:PTWO – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 7,400 shares, a decline of 37.8% from the August 15th total of 11,900 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of PTWO. Clear Street LLC acquired a new position in Pono Capital Two during the 4th quarter worth $29,000. UBS Group AG boosted its position in shares of Pono Capital Two by 4,705.0% during the 1st quarter. UBS Group AG now owns 4,805 shares of the company’s stock worth $50,000 after acquiring an additional 4,705 shares in the last quarter. Glazer Capital LLC acquired a new position in shares of Pono Capital Two during the 4th quarter worth about $106,000. Tuttle Capital Management LLC acquired a new position in shares of Pono Capital Two during the 2nd quarter worth about $149,000. Finally, Virtu Financial LLC acquired a new position in shares of Pono Capital Two during the 4th quarter worth about $171,000. 12.23% of the stock is owned by institutional investors and hedge funds.
Pono Capital Two Price Performance
PTWO opened at $10.61 on Friday. Pono Capital Two has a 12 month low of $9.95 and a 12 month high of $11.56. The business has a fifty day moving average price of $10.47 and a 200 day moving average price of $10.38.
Pono Capital Two Company Profile
Pono Capital Two, Inc does not have any significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2022 and is based in Honolulu, Hawaii.
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