White Pearl Acquisition Corp. (NYSE:WPAC) Sees Significant Decrease in Short Interest

White Pearl Acquisition Corp. (NYSE:WPAC) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,335 shares, a decline of 45.2% from the May 31st total of 4,263 shares. Based on an average daily trading volume, of 4,073 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on White Pearl Acquisition in a research report on Monday, June 1st. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

White Pearl Acquisition Trading Up 0.1%

Shares of WPAC traded up $0.01 during trading hours on Wednesday, hitting $10.03. 108 shares of the stock were exchanged, compared to its average volume of 46,317. White Pearl Acquisition has a fifty-two week low of $9.82 and a fifty-two week high of $11.89.

White Pearl Acquisition Company Profile

White Pearl Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.