Pono Capital Two, Inc. (NASDAQ:PTWO) Short Interest Up 16.0% in August

Pono Capital Two, Inc. (NASDAQ:PTWO) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 10,900 shares, a growth of 16.0% from the August 15th total of 9,400 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.9% of the company’s stock are short sold.

Pono Capital Two Stock Performance

Shares of Pono Capital Two stock traded down $0.15 during midday trading on Monday, hitting $10.89. The company had a trading volume of 16,178 shares, compared to its average volume of 27,359. The company has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $12.81. Pono Capital Two has a 12-month low of $8.04 and a 12-month high of $36.52.

Insiders Place Their Bets

In other Pono Capital Two news, major shareholder Co. Ltd. Zuu acquired 8,399 shares of the stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $10.51 per share, with a total value of $88,273.49. Following the transaction, the insider now directly owns 1,423,718 shares of the company’s stock, valued at $14,963,276.18. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have bought 40,002 shares of company stock valued at $499,106. 63.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pono Capital Two stock. Clear Street LLC increased its stake in shares of Pono Capital Two, Inc. (NASDAQ:PTWO) by 42.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,983 shares of the company’s stock after buying an additional 1,183 shares during the quarter. Clear Street LLC owned about 0.07% of Pono Capital Two worth $43,000 as of its most recent SEC filing. 60.82% of the stock is owned by institutional investors.

Pono Capital Two Company Profile

Pono Capital Two, Inc does not have any significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Pono Capital Two, Inc was incorporated in 2022 and is based in Honolulu, Hawaii.