Pyrophyte Acquisition Corp. II (NYSE:PAII) Short Interest Update

Pyrophyte Acquisition Corp. II (NYSE:PAII) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 2,250 shares, a decrease of 35.8% from the July 30th total of 3,504 shares. Based on an average trading volume of 6,845 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Pyrophyte Acquisition Corp. II Stock Up 0.1%

Shares of PAII opened at $10.29 on Thursday. Pyrophyte Acquisition Corp. II has a 52-week low of $9.92 and a 52-week high of $10.30. The stock has a fifty day simple moving average of $10.25 and a two-hundred day simple moving average of $10.19.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PAII. Sona Asset Management US LLC purchased a new position in shares of Pyrophyte Acquisition Corp. II during the 1st quarter worth approximately $1,540,000. Mercuria Capital Strategies LLC purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter valued at approximately $2,515,000. Lineage Point Capital LP purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter valued at approximately $733,000. First Trust Capital Management L.P. acquired a new stake in Pyrophyte Acquisition Corp. II in the third quarter valued at $2,490,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Pyrophyte Acquisition Corp. II during the 3rd quarter worth $6,816,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Pyrophyte Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Pyrophyte Acquisition Corp. II

FTAC Parnassus Acquisition II Ltd is a special purpose acquisition company (“SPAC”) formed as an exempted Cayman Islands company and listed on the New York Stock Exchange under the ticker PAII. Like other blank check companies, its principal business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. Since its initial public offering in early 2021, FTAC Parnassus Acquisition II has held its proceeds in trust pending the identification of a suitable target.

The company is sponsored by FTAC Management LLC in collaboration with Parnassus Investments, a San Francisco–based asset manager known for its long?term, sustainable?value approach.