Perception Capital Corp. III (NASDAQ:PFTA) Short Interest Update

Perception Capital Corp. III (NASDAQ:PFTA) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 300 shares, a decline of 50.0% from the October 31st total of 600 shares. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is presently 0.0 days.

Perception Capital Corp. III Stock Performance

PFTA stock remained flat at $10.87 during midday trading on Thursday. 551 shares of the company’s stock traded hands, compared to its average volume of 4,432. Perception Capital Corp. III has a 12-month low of $10.33 and a 12-month high of $12.96. The business has a 50-day moving average price of $10.94 and a 200-day moving average price of $10.92.

Institutional Trading of Perception Capital Corp. III

Large investors have recently added to or reduced their stakes in the stock. Berkley W R Corp grew its holdings in shares of Perception Capital Corp. III by 31.7% during the second quarter. Berkley W R Corp now owns 341,197 shares of the company’s stock valued at $3,705,000 after purchasing an additional 82,154 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in Perception Capital Corp. III during the third quarter valued at about $2,234,000. Logan Stone Capital LLC acquired a new position in shares of Perception Capital Corp. III in the 2nd quarter worth approximately $1,825,000. ATW Spac Management LLC acquired a new position in shares of Perception Capital Corp. III in the 3rd quarter valued at $1,622,000. Finally, Quarry LP acquired a new stake in Perception Capital Corp. III during the 2nd quarter valued at $1,086,000. 26.89% of the stock is currently owned by institutional investors and hedge funds.

Perception Capital Corp. III Company Profile

Perception Capital Corp. III 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 in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.