Pioneer Acquisition I Corp (NASDAQ:PACHU – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 3,421 shares, a growth of 170,950.0% from the June 15th total of 2 shares. Based on an average trading volume of 520 shares, the short-interest ratio is currently 6.6 days.
Institutional Trading of Pioneer Acquisition I
Several large investors have recently bought and sold shares of PACHU. LMR Partners LLP purchased a new position in Pioneer Acquisition I in the 2nd quarter worth approximately $7,504,000. Shaolin Capital Management LLC acquired a new stake in shares of Pioneer Acquisition I in the second quarter valued at approximately $6,503,000. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Pioneer Acquisition I in the second quarter valued at approximately $6,003,000. Sculptor Capital LP purchased a new position in Pioneer Acquisition I during the second quarter worth approximately $5,002,000. Finally, Radcliffe Capital Management L.P. acquired a new position in Pioneer Acquisition I during the second quarter worth $5,002,000.
Pioneer Acquisition I Trading Up 0.5%
PACHU stock traded up $0.05 during midday trading on Friday, reaching $10.37. Pioneer Acquisition I has a fifty-two week low of $9.70 and a fifty-two week high of $11.20. The firm’s 50-day simple moving average is $10.32 and its 200 day simple moving average is $10.27.
Pioneer Acquisition I Company Profile
Pioneer Acquisition I Co is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands in 2023. As a blank check company, it has no commercial operations of its own and was formed solely to raise capital for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
In its initial public offering, Pioneer Acquisition I sold 20 million units at a price of $10.00 per unit.
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