Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU – Get Free Report) was the target 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 daily volume of 1,539 shares, the days-to-cover ratio is currently 0.0 days.
Silver Pegasus Acquisition Price Performance
Shares of NASDAQ SPEGU traded up $0.27 during midday trading on Friday, reaching $10.87. 271 shares of the company traded hands, compared to its average volume of 1,283. Silver Pegasus Acquisition has a 52 week low of $10.02 and a 52 week high of $13.66. The stock has a 50-day moving average price of $10.73 and a 200 day moving average price of $10.52.
Institutional Investors Weigh In On Silver Pegasus Acquisition
Several hedge funds and other institutional investors have recently bought and sold shares of SPEGU. BCK Capital Management LP bought a new stake in Silver Pegasus Acquisition in the third quarter worth about $526,000. Picton Mahoney Asset Management bought a new stake in Silver Pegasus Acquisition in the third quarter worth about $3,561,000. ATW Spac Management LLC bought a new stake in Silver Pegasus Acquisition in the third quarter worth about $1,017,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Silver Pegasus Acquisition in the third quarter worth about $973,000. Finally, Gabelli Funds LLC bought a new stake in Silver Pegasus Acquisition in the third quarter worth about $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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