Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 8 shares, a decline of 55.6% from the May 14th total of 18 shares. Based on an average trading volume of 1,539 shares, the days-to-cover ratio is presently 0.0 days.
Silver Pegasus Acquisition Trading Up 2.5%
SPEGU traded up $0.27 during trading on Friday, reaching $10.87. The company had a trading volume of 271 shares, compared to its average volume of 1,283. The firm’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $10.52. Silver Pegasus Acquisition has a 12-month low of $10.02 and a 12-month high of $13.66.
Hedge Funds Weigh In On Silver Pegasus Acquisition
Several institutional investors and hedge funds have recently bought and sold shares of the business. Clear Street Group Inc. purchased a new position in Silver Pegasus Acquisition during the 3rd quarter valued at about $84,000. Citadel Advisors LLC purchased a new position in Silver Pegasus Acquisition during the 3rd quarter valued at about $144,000. BCK Capital Management LP purchased a new position in Silver Pegasus Acquisition during the 3rd quarter valued at about $526,000. Gabelli Funds LLC purchased a new position in Silver Pegasus Acquisition during the 3rd quarter valued at about $806,000. Finally, Yakira Capital Management Inc. purchased a new position in Silver Pegasus Acquisition during the 3rd quarter valued at about $814,000.
Silver Pegasus Acquisition Company Profile
Silver Pegasus Acquisition Corporation is a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Listed on the Nasdaq under the ticker SPEGU, the company raises capital through an initial public offering of units, with the net proceeds held in a trust account until a qualifying business combination is completed.
The company’s management team brings experience in corporate finance, mergers and acquisitions, and strategic advisory services.
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