Pine Technology Acquisition Corp. (NASDAQ:PTOC) Short Interest Down 16.4% in April
Pine Technology Acquisition Corp. (NASDAQ: PTOC – Get Rating) was the target of a significant drop in short-term interest in April. As of April 15, there was short interest totaling 5,600 shares, down 16.4% from the March 31 total of 6,700 shares. Based on an average daily trading volume of 35,100 shares, the day-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
NASDAQ:PTOC shares opened at $9.80 on Wednesday. The company’s 50-day moving average is $9.79. Pine Technology Acquisition has a one-year low of $9.60 and a one-year high of $10.00.
Several institutional investors and hedge funds have recently bought and sold shares of PTOC. Aristeia Capital LLC purchased a new position in shares of Pine Technology Acquisition in the fourth quarter at a value of $14,774,000. First Pacific Advisors LP bought a new position in Pine Technology Acquisition in Q4, valued at approximately $11,519,000. 683 Capital Management LLC acquired a new stake in shares of Pine Technology Acquisition during the fourth quarter valued at approximately $9,850,000. Bank of Montreal Can purchased a new stake in shares of Pine Technology Acquisition during the fourth quarter for a value of approximately $9,062,000. Finally, Periscope Capital Inc. acquired a new position in shares of Pine Technology Acquisition in the third quarter worth approximately $7,716,000. Institutional investors hold 88.81% of the company’s shares.
About the acquisition of Pine Technology (Get a rating)
Pine Technology Acquisition Corp. has no significant activities. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies in the technology sector related to the assurance. The company was incorporated in 2020 and is based in Aurora, Ohio.
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