Powerlaw Corp (NASDAQ:PWRL) Short Interest Update

Powerlaw Corp (NASDAQ:PWRL) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 212,806 shares, an increase of 612.9% from the May 31st total of 29,852 shares. Based on an average daily trading volume, of 446,868 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the company’s shares are sold short.

Insider Activity at Powerlaw

In other Powerlaw news, CIO Benjamin David Black acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average price of $15.47 per share, for a total transaction of $100,555.00. Following the acquisition, the executive directly owned 445,978 shares in the company, valued at $6,899,279.66. The trade was a 1.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mike John Dinsdale acquired 12,727 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of $15.47 per share, for a total transaction of $196,886.69. Following the transaction, the chief executive officer directly owned 686,504 shares in the company, valued at $10,620,216.88. The trade was a 1.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 22,168 shares of company stock worth $347,027.

Powerlaw Stock Performance

NASDAQ:PWRL opened at $14.01 on Friday. Powerlaw has a twelve month low of $13.50 and a twelve month high of $40.00.