Pershing Square USA, Ltd. (NYSE:PSUS) Sees Significant Increase in Short Interest

Pershing Square USA, Ltd. (NYSE:PSUS) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 161,473 shares, a growth of 112.0% from the May 14th total of 76,159 shares. Based on an average daily volume of 376,849 shares, the days-to-cover ratio is currently 0.4 days.

Pershing Square USA Stock Up 0.7%

Shares of NYSE PSUS traded up $0.26 during trading on Monday, reaching $38.14. 216,259 shares of the company traded hands, compared to its average volume of 818,449. Pershing Square USA has a 52-week low of $37.15 and a 52-week high of $44.00.

Insider Activity at Pershing Square USA

In other Pershing Square USA news, insider Halit Coussin acquired 200,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $50.00 per share, with a total value of $10,000,000.00. Following the transaction, the insider owned 200,000 shares of the company’s stock, valued at $10,000,000. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Ben Hakim acquired 350,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $50.00 per share, for a total transaction of $17,500,000.00. Following the completion of the transaction, the president directly owned 350,000 shares in the company, valued at $17,500,000. This represents a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 6,307,171 shares of company stock valued at $311,292,650 over the last ninety days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group began coverage on Pershing Square USA in a research report on Monday, May 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Pershing Square USA, Inc (NYSE: PSUS) is a publicly traded investment company that provides investors with exposure to the investment strategies of Pershing Square Capital Management L.P., an investment adviser led by William A. Ackman. The company is listed on the New York Stock Exchange and functions as a vehicle through which shareholders can gain access to concentrated public equity investments managed by the Pershing Square team.

The firm’s main business activity is portfolio management: acquiring and holding equity positions in publicly traded companies with the objective of long?term capital appreciation.