Peridot Acquisition Corp. II (NYSE:PDOT) Sees Significant Decrease in Short Interest

Peridot Acquisition Corp. II (NYSE:PDOTGet Rating) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 7,900 shares, a decline of 76.6% from the March 15th total of 33,800 shares. Based on an average trading volume of 62,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Peridot Acquisition Corp. II stock traded down $0.19 during midday trading on Wednesday, reaching $9.81. 1,205 shares of the company traded hands, compared to its average volume of 68,846. The business has a 50 day moving average of $9.75 and a two-hundred day moving average of $9.75. Peridot Acquisition Corp. II has a 12 month low of $9.61 and a 12 month high of $10.60.

A number of institutional investors have recently modified their holdings of PDOT. Clear Street LLC purchased a new stake in Peridot Acquisition Corp. II during the fourth quarter valued at approximately $98,000. Evolution Capital Management LLC purchased a new stake in Peridot Acquisition Corp. II during the fourth quarter valued at approximately $195,000. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of Peridot Acquisition Corp. II in the fourth quarter worth $358,000. Finally, Berkley W R Corp increased its stake in shares of Peridot Acquisition Corp. II by 39.6% in the third quarter. Berkley W R Corp now owns 559,899 shares of the company’s stock worth $5,437,000 after purchasing an additional 158,919 shares in the last quarter. Institutional investors own 49.57% of the company’s stock.

About Peridot Acquisition Corp. II (Get Rating)

Peridot Acquisition Corp. II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2021 and is based in Houston, Texas.

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