Pono Capital Two, Inc. (NASDAQ:PTWO) Short Interest Update

Pono Capital Two, Inc. (NASDAQ:PTWO) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 10,900 shares, an increase of 16.0% from the August 15th total of 9,400 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 1.2 days. Currently, 3.9% of the shares of the company are sold short.

Pono Capital Two Stock Performance

PTWO stock traded down $0.15 during mid-day trading on Tuesday, hitting $10.89. The company had a trading volume of 16,178 shares, compared to its average volume of 27,359. Pono Capital Two has a 12 month low of $8.04 and a 12 month high of $36.52. The stock’s fifty day moving average price is $12.36 and its two-hundred day moving average price is $12.80.

Insider Activity

In other Pono Capital Two news, major shareholder Co. Ltd. Zuu acquired 4,342 shares of the business’s stock in a transaction on Monday, July 15th. The shares were acquired at an average price of $13.00 per share, with a total value of $56,446.00. Following the completion of the transaction, the insider now owns 1,471,660 shares in the company, valued at $19,131,580. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired a total of 40,002 shares of company stock valued at $499,106 over the last three months. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Pono Capital Two

An institutional investor recently raised its position in Pono Capital Two stock. Clear Street LLC boosted its position in Pono Capital Two, Inc. (NASDAQ:PTWO) by 42.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,983 shares of the company’s stock after buying an additional 1,183 shares during the quarter. Clear Street LLC owned approximately 0.07% of Pono Capital Two worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 60.82% of the stock is currently owned by institutional investors and hedge funds.

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.