Pioneer Acquisition I Corp (NASDAQ:PACHU) Sees Significant Increase in Short Interest

Pioneer Acquisition I Corp (NASDAQ:PACHU) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,421 shares, an increase of 170,950.0% from the June 15th total of 2 shares. Based on an average trading volume of 520 shares, the days-to-cover ratio is presently 6.6 days.

Institutional Trading of Pioneer Acquisition I

Hedge funds have recently bought and sold shares of the stock. Clear Street Group Inc. lifted its position in Pioneer Acquisition I by 5,977.3% during the fourth quarter. Clear Street Group Inc. now owns 14,160 shares of the company’s stock valued at $145,000 after purchasing an additional 13,927 shares during the last quarter. PenderFund Capital Management Ltd. raised its position in Pioneer Acquisition I by 248.0% during the third quarter. PenderFund Capital Management Ltd. now owns 17,400 shares of the company’s stock valued at $175,000 after purchasing an additional 12,400 shares during the period. Lineage Point Capital LP bought a new stake in shares of Pioneer Acquisition I in the 4th quarter valued at approximately $521,000. Parallax Volatility Advisers L.P. lifted its stake in shares of Pioneer Acquisition I by 67.8% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 58,744 shares of the company’s stock valued at $590,000 after purchasing an additional 23,744 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Pioneer Acquisition I in the 2nd quarter worth approximately $1,001,000.

Pioneer Acquisition I Trading Up 0.5%

Shares of Pioneer Acquisition I stock traded up $0.05 during trading hours on Friday, reaching $10.37. Pioneer Acquisition I has a 1-year low of $9.70 and a 1-year high of $11.20. The stock has a 50-day moving average of $10.32 and a two-hundred day moving average of $10.27.

About Pioneer Acquisition I

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.