Pearl Holdings Acquisition Corp (NASDAQ:PRLH) Short Interest Up 66.7% in October

Pearl Holdings Acquisition Corp (NASDAQ:PRLH) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,000 shares, an increase of 66.7% from the October 15th total of 600 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is currently 0.1 days.

Pearl Holdings Acquisition Stock Performance

PRLH remained flat at $11.26 during trading hours on Wednesday. 101 shares of the company traded hands, compared to its average volume of 12,673. The firm has a 50 day moving average of $11.18 and a 200-day moving average of $11.07. Pearl Holdings Acquisition has a 12 month low of $10.65 and a 12 month high of $11.48.

Institutional Trading of Pearl Holdings Acquisition

A hedge fund recently raised its stake in Pearl Holdings Acquisition stock. Wolverine Asset Management LLC increased its holdings in shares of Pearl Holdings Acquisition Corp (NASDAQ:PRLH) by 2.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,042 shares of the company’s stock after acquiring an additional 1,875 shares during the period. Wolverine Asset Management LLC owned approximately 1.27% of Pearl Holdings Acquisition worth $1,016,000 as of its most recent SEC filing. 8.31% of the stock is owned by institutional investors and hedge funds.

About Pearl Holdings Acquisition

Pearl Holdings Acquisition Corp does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the lifestyle, health and wellness, and technology sectors.