Short Interest in Pyrophyte Acquisition Corp. II (NYSE:PAII) Increases By 1,194.9%

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 4,027 shares, an increase of 1,194.9% from the June 30th total of 311 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 38,748 shares, the days-to-cover ratio is currently 0.1 days.

Pyrophyte Acquisition Corp. II Price Performance

Shares of NYSE PAII remained flat at $10.23 during mid-day trading on Friday. 20 shares of the stock were exchanged, compared to its average volume of 27,327. The business has a fifty day moving average of $10.21 and a 200-day moving average of $10.15. Pyrophyte Acquisition Corp. II has a 52-week low of $9.92 and a 52-week high of $10.25.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last posted its earnings results on Friday, May 15th. The company reported $0.05 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pyrophyte Acquisition Corp. II in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Trading of Pyrophyte Acquisition Corp. II

Institutional investors and hedge funds have recently modified their holdings of the stock. Sona Asset Management US LLC bought a new position in shares of Pyrophyte Acquisition Corp. II in the first quarter valued at approximately $1,540,000. Lineage Point Capital LP bought a new stake in Pyrophyte Acquisition Corp. II during the fourth quarter worth $733,000. Virtu Financial LLC purchased a new stake in Pyrophyte Acquisition Corp. II in the 4th quarter valued at $258,000. Westchester Capital Management LLC purchased a new stake in Pyrophyte Acquisition Corp. II in the 4th quarter valued at $2,515,000. Finally, Mercuria Capital Strategies LLC bought a new position in Pyrophyte Acquisition Corp. II during the 4th quarter valued at $2,515,000.

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.