Pono Capital Two, Inc. (NASDAQ:PTWO – Get Free Report) 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
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.
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