Pyrophyte Acquisition Corp. II (NYSE:PAII) Short Interest Down 64.9% in April

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 60 shares, a decline of 64.9% from the April 15th total of 171 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 26,239 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Pyrophyte Acquisition Corp. II in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Pyrophyte Acquisition Corp. II Price Performance

PAII stock traded up $0.01 during trading on Thursday, reaching $10.16. The stock’s 50-day moving average is $10.14 and its 200-day moving average is $10.09. Pyrophyte Acquisition Corp. II has a twelve month low of $9.92 and a twelve month high of $10.22.

Institutional Investors Weigh In On Pyrophyte Acquisition Corp. II

Several institutional investors and hedge funds have recently modified their holdings of PAII. Wolverine Asset Management LLC purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $88,000. ABC Arbitrage SA purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $252,000. Virtu Financial LLC purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $258,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the third quarter worth about $726,000. Finally, Lineage Point Capital LP purchased a new stake in shares of Pyrophyte Acquisition Corp. II in the fourth quarter worth about $733,000.

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.