Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) Short Interest Update

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 3,300 shares, a decrease of 13.2% from the June 15th total of 3,800 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 12,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Project Energy Reimagined Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the company. Glazer Capital LLC acquired a new stake in Project Energy Reimagined Acquisition in the 4th quarter valued at approximately $6,348,000. Berkley W R Corp grew its stake in shares of Project Energy Reimagined Acquisition by 327.5% during the 4th quarter. Berkley W R Corp now owns 850,204 shares of the company’s stock worth $8,995,000 after acquiring an additional 651,344 shares in the last quarter. Kim LLC acquired a new stake in shares of Project Energy Reimagined Acquisition in the fourth quarter valued at approximately $2,774,000. Mizuho Securities USA LLC bought a new stake in shares of Project Energy Reimagined Acquisition in the fourth quarter worth $4,869,000. Finally, Picton Mahoney Asset Management lifted its position in shares of Project Energy Reimagined Acquisition by 78.1% in the fourth quarter. Picton Mahoney Asset Management now owns 1,140,000 shares of the company’s stock worth $12,050,000 after purchasing an additional 500,000 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Project Energy Reimagined Acquisition Stock Down 14.2 %

PEGR opened at $10.94 on Tuesday. Project Energy Reimagined Acquisition has a 12 month low of $7.40 and a 12 month high of $15.00. The firm’s fifty day simple moving average is $10.34 and its 200 day simple moving average is $10.33.

Project Energy Reimagined Acquisition Company Profile

Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the Electric Grid 2.0 sector.