Short Interest in Powered Brands (NASDAQ:POW) Decreases By 49.5%

Powered Brands (NASDAQ:POWGet Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 4,600 shares, a decrease of 49.5% from the March 31st total of 9,100 shares. Based on an average trading volume of 43,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

NASDAQ POW traded down $0.01 on Friday, reaching $9.84. The company had a trading volume of 53,201 shares, compared to its average volume of 89,463. The firm has a 50-day moving average of $9.81 and a 200-day moving average of $9.79. Powered Brands has a 1 year low of $9.61 and a 1 year high of $9.99.

A number of hedge funds and other institutional investors have recently modified their holdings of POW. Citadel Advisors LLC increased its holdings in shares of Powered Brands by 77.3% during the third quarter. Citadel Advisors LLC now owns 1,438,215 shares of the company’s stock valued at $14,152,000 after purchasing an additional 626,989 shares during the period. Owl Creek Asset Management L.P. raised its stake in shares of Powered Brands by 1,336.5% during the 4th quarter. Owl Creek Asset Management L.P. now owns 456,800 shares of the company’s stock worth $4,472,000 after purchasing an additional 425,000 shares in the last quarter. Cantor Fitzgerald Investment Adviser L.P. purchased a new stake in shares of Powered Brands during the 4th quarter worth about $2,254,000. Omni Event Management Ltd bought a new position in shares of Powered Brands in the 4th quarter valued at approximately $2,062,000. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of Powered Brands by 230.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,551 shares of the company’s stock valued at $1,993,000 after acquiring an additional 141,916 shares in the last quarter. 68.61% of the stock is currently owned by hedge funds and other institutional investors.

Powered Brands Company Profile (Get Rating)

Powered Brands does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

Featured Articles

Receive News & Ratings for Powered Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powered Brands and related companies with MarketBeat.com's FREE daily email newsletter.