Pono Capital Two, Inc. (NASDAQ:PTWO – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 900 shares, an increase of 350.0% from the June 30th total of 200 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are short sold.
Pono Capital Two Stock Performance
Shares of PTWO traded up $0.89 on Thursday, hitting $12.90. 312 shares of the stock traded hands, compared to its average volume of 31,397. The stock’s 50 day moving average is $13.41 and its two-hundred day moving average is $12.57. Pono Capital Two has a 1 year low of $10.35 and a 1 year high of $36.52.
Insider Transactions at Pono Capital Two
In related news, major shareholder Co. Ltd. Zuu acquired 6,297 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were purchased at an average price of $13.00 per share, with a total value of $81,861.00. Following the completion of the acquisition, the insider now owns 1,467,115 shares in the company, valued at $19,072,495. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 19,035 shares of company stock worth $247,455 over the last ninety days. 63.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Pono Capital Two
About Pono Capital Two
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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