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

White Pearl Acquisition Corp. (NYSE:WPAC) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 4,263 shares, a decline of 74.4% from the May 14th total of 16,620 shares. Based on an average daily volume of 5,760 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

White Pearl Acquisition Price Performance

NYSE:WPAC traded down $0.23 on Friday, hitting $10.01. 8,000 shares of the stock were exchanged, compared to its average volume of 51,175. White Pearl Acquisition has a 52 week low of $9.82 and a 52 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.