Pyrophyte Acquisition Corp. II (NYSE:PAII) Short Interest Down 35.8% in August

Pyrophyte Acquisition Corp. II (NYSE:PAII) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 2,250 shares, a decline of 35.8% from the July 30th total of 3,504 shares. Based on an average daily trading volume, of 6,845 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Pyrophyte Acquisition Corp. II Price Performance

Shares of PAII stock remained flat at $10.29 during trading hours on Tuesday. 2,518 shares of the stock traded hands, compared to its average volume of 5,064. The company’s fifty day simple moving average is $10.24 and its 200 day simple moving average is $10.18. Pyrophyte Acquisition Corp. II has a one year low of $9.92 and a one year high of $10.30.

Pyrophyte Acquisition Corp. II (NYSE:PAII) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.05 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pyrophyte Acquisition Corp. II from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Pyrophyte Acquisition Corp. II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAII. Wolverine Asset Management LLC acquired a new position in Pyrophyte Acquisition Corp. II during the 4th quarter worth approximately $88,000. ABC Arbitrage SA acquired a new stake in Pyrophyte Acquisition Corp. II in the fourth quarter valued at approximately $252,000. Virtu Financial LLC acquired a new stake in Pyrophyte Acquisition Corp. II in the fourth quarter valued at approximately $258,000. Lineage Point Capital LP bought a new stake in shares of Pyrophyte Acquisition Corp. II during the fourth quarter valued at approximately $733,000. Finally, Sona Asset Management US LLC bought a new stake in shares of Pyrophyte Acquisition Corp. II during the first quarter valued at approximately $1,540,000.

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.