Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 18 shares, an increase of 125.0% from the April 30th total of 8 shares. Based on an average trading volume of 35 shares, the days-to-cover ratio is currently 0.5 days.
Silver Pegasus Acquisition Trading Down 0.5%
Shares of SPEGU traded down $0.06 during mid-day trading on Tuesday, reaching $10.80. Silver Pegasus Acquisition has a 52-week low of $10.02 and a 52-week high of $13.66. The company’s fifty day moving average is $10.72 and its two-hundred day moving average is $10.51.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in SPEGU. BCK Capital Management LP purchased a new position in shares of Silver Pegasus Acquisition in the 3rd quarter valued at approximately $526,000. Picton Mahoney Asset Management acquired a new stake in shares of Silver Pegasus Acquisition in the 3rd quarter valued at approximately $3,561,000. ATW Spac Management LLC acquired a new stake in shares of Silver Pegasus Acquisition in the 3rd quarter valued at approximately $1,017,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Silver Pegasus Acquisition in the 3rd quarter valued at approximately $973,000. Finally, Gabelli Funds LLC acquired a new stake in shares of Silver Pegasus Acquisition in the 3rd quarter valued at approximately $806,000.
About Silver Pegasus Acquisition
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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