Short Interest in CC Neuberger Principal Holdings III (NYSE:PRPC) Drops By 80.7%

CC Neuberger Principal Holdings III (NYSE:PRPCGet Rating) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 5,300 shares, a decrease of 80.7% from the April 15th total of 27,500 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 98,600 shares, the short-interest ratio is presently 0.1 days.

NYSE:PRPC remained flat at $$9.81 on Wednesday. 16 shares of the company’s stock were exchanged, compared to its average volume of 108,540. The company has a 50-day moving average price of $9.82. CC Neuberger Principal Holdings III has a one year low of $9.65 and a one year high of $10.00.

A number of large investors have recently modified their holdings of PRPC. Schonfeld Strategic Advisors LLC purchased a new stake in shares of CC Neuberger Principal Holdings III during the third quarter worth approximately $134,000. Athanor Capital LP increased its stake in shares of CC Neuberger Principal Holdings III by 42.6% during the third quarter. Athanor Capital LP now owns 19,826 shares of the company’s stock worth $194,000 after buying an additional 5,926 shares during the period. Beryl Capital Management LLC increased its stake in shares of CC Neuberger Principal Holdings III by 7.4% during the third quarter. Beryl Capital Management LLC now owns 508,576 shares of the company’s stock worth $4,959,000 after buying an additional 34,831 shares during the period. Credit Suisse AG purchased a new stake in shares of CC Neuberger Principal Holdings III during the fourth quarter worth approximately $492,000. Finally, Omni Event Management Ltd purchased a new stake in shares of CC Neuberger Principal Holdings III during the fourth quarter worth approximately $487,000. Institutional investors own 87.44% of the company’s stock.

About CC Neuberger Principal Holdings III (Get Rating)

CC Neuberger Principal Holdings III does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

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