Pershing Square Inc. (NYSE:PS) Sees Large Growth in Short Interest

Pershing Square Inc. (NYSE:PS) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 549,528 shares, a growth of ∞ from the April 15th total of 0 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 513,090 shares, the days-to-cover ratio is presently 1.1 days.

Pershing Square Stock Performance

PS opened at $38.22 on Tuesday. Pershing Square has a fifty-two week low of $22.01 and a fifty-two week high of $54.94. The firm has a market cap of $5.68 billion, a P/E ratio of -32.95 and a beta of 2.27.

Insider Buying and Selling at Pershing Square

In other Pershing Square news, CEO William A. Ackman purchased 800,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $23.77 per share, for a total transaction of $19,016,000.00. Following the purchase, the chief executive officer directly owned 1,500,000 shares of the company’s stock, valued at $35,655,000. The trade was a 114.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.79% of the stock is owned by corporate insiders.

Pershing Square Company Profile

Pershing Square (NYSE: PS) is a publicly traded investment holding company managed by Pershing Square Capital Management, L.P., the investment firm founded and led by William “Bill” Ackman. The vehicle provides outside investors with exposure to the firm’s concentrated, actively managed investment program and is designed to deliver long‑term capital appreciation through a portfolio of equity and related positions.

The company’s principal activities center on investing in publicly traded companies, typically through concentrated long equity positions and selectively using derivatives or other instruments for hedging or to implement investment views.