Powerlaw Corp (NASDAQ:PWRL) Short Interest Update

Powerlaw Corp (NASDAQ:PWRL) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 212,806 shares, a growth of 612.9% from the May 31st total of 29,852 shares. Based on an average trading volume of 446,868 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Powerlaw Trading Down 0.1%

Shares of PWRL stock opened at $14.01 on Friday. Powerlaw has a twelve month low of $13.50 and a twelve month high of $40.00.

Insider Activity at Powerlaw

In other news, CIO Benjamin David Black acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $15.47 per share, with a total value of $100,555.00. Following the completion of the purchase, the executive directly owned 445,978 shares in the company, valued at $6,899,279.66. This trade represents a 1.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike John Dinsdale acquired 12,727 shares of Powerlaw stock in a transaction on Monday, June 22nd. The shares were purchased at an average price of $15.47 per share, for a total transaction of $196,886.69. Following the completion of the acquisition, the chief executive officer directly owned 686,504 shares in the company, valued at $10,620,216.88. This trade represents a 1.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 22,168 shares of company stock valued at $347,027 in the last ninety days.