Short Interest in Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS) Expands By 25.0%

Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSSGet Free Report) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 500 shares, a growth of 25.0% from the January 31st total of 400 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is currently 0.0 days.

Pegasus Digital Mobility Acquisition Price Performance

PGSS traded up $0.06 during mid-day trading on Monday, reaching $11.25. 4,211 shares of the company traded hands, compared to its average volume of 30,104. The company’s fifty day moving average price is $11.14 and its 200-day moving average price is $11.03. Pegasus Digital Mobility Acquisition has a 52-week low of $10.32 and a 52-week high of $11.26.

Institutional Investors Weigh In On Pegasus Digital Mobility Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Glazer Capital LLC increased its stake in shares of Pegasus Digital Mobility Acquisition by 53.0% in the 1st quarter. Glazer Capital LLC now owns 1,031,720 shares of the company’s stock worth $10,781,000 after purchasing an additional 357,355 shares in the last quarter. Berkley W R Corp increased its stake in Pegasus Digital Mobility Acquisition by 24.2% in the 1st quarter. Berkley W R Corp now owns 777,260 shares of the company’s stock worth $8,122,000 after buying an additional 151,293 shares in the last quarter. First Trust Capital Management L.P. increased its stake in Pegasus Digital Mobility Acquisition by 428.3% in the 4th quarter. First Trust Capital Management L.P. now owns 401,816 shares of the company’s stock worth $4,131,000 after buying an additional 325,752 shares in the last quarter. Mizuho Securities USA LLC increased its stake in Pegasus Digital Mobility Acquisition by 69.6% in the 4th quarter. Mizuho Securities USA LLC now owns 400,230 shares of the company’s stock worth $4,423,000 after buying an additional 164,227 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Pegasus Digital Mobility Acquisition by 93.9% in the 2nd quarter. Millennium Management LLC now owns 288,798 shares of the company’s stock worth $2,871,000 after buying an additional 139,841 shares in the last quarter. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

About Pegasus Digital Mobility Acquisition

(Get Free Report)

Pegasus Digital Mobility Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of the transportation sector.

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