Short Interest in Pioneer Merger Corp. (NASDAQ:PACX) Decreases By 64.1%

Pioneer Merger Corp. (NASDAQ:PACX – Get Rating) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 6,100 shares, a decline of 64.1% from the March 31st total of 17,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 89,600 shares, the days-to-cover ratio is currently 0.1 days.

A number of hedge funds and other institutional investors have recently modified their holdings of PACX. Integrity Capital Management HK Ltd acquired a new position in shares of Pioneer Merger in the first quarter valued at approximately $49,000. Gamco Investors INC. ET AL acquired a new position in shares of Pioneer Merger in the fourth quarter valued at approximately $99,000. Penserra Capital Management LLC acquired a new position in shares of Pioneer Merger in the third quarter valued at approximately $109,000. Graham Capital Wealth Management LLC acquired a new position in shares of Pioneer Merger in the fourth quarter valued at approximately $111,000. Finally, DeepCurrents Investment Group LLC acquired a new position in shares of Pioneer Merger in the third quarter valued at approximately $141,000. Institutional investors own 94.02% of the company’s stock.

Shares of NASDAQ PACX opened at $9.85 on Thursday. Pioneer Merger has a twelve month low of $9.66 and a twelve month high of $10.13. The stock has a 50 day moving average of $9.80 and a two-hundred day moving average of $9.86.

Pioneer Merger Company Profile (Get Rating)

Pioneer Merger Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the technology and consumer sectors. The company was incorporated in 2020 and is based in New York, New York.

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