Parsec Capital Acquisitions Corp (NASDAQ:PCX) Sees Significant Decrease in Short Interest

Parsec Capital Acquisitions Corp (NASDAQ:PCXGet Rating) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 4,700 shares, a decline of 38.2% from the April 15th total of 7,600 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is currently 2.6 days. Currently, 0.1% of the company’s shares are short sold.

Several large investors have recently bought and sold shares of PCX. 683 Capital Management LLC purchased a new position in Parsec Capital Acquisitions during the fourth quarter worth about $149,000. Cubist Systematic Strategies LLC bought a new position in shares of Parsec Capital Acquisitions in the 4th quarter worth $210,000. Walleye Trading LLC bought a new position in shares of Parsec Capital Acquisitions in the 4th quarter worth $357,000. Fifth Lane Capital LP bought a new position in shares of Parsec Capital Acquisitions in the 4th quarter worth $496,000. Finally, Walleye Capital LLC bought a new position in shares of Parsec Capital Acquisitions in the 4th quarter worth $615,000. 58.00% of the stock is owned by institutional investors.

PCX opened at $10.05 on Friday. Parsec Capital Acquisitions has a 1-year low of $9.84 and a 1-year high of $10.06. The firm has a fifty day moving average of $10.00.

Parsec Capital Acquisitions Company Profile (Get Rating)

Parsec Capital Acquisitions Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to invest in space economy, transport, and technology industries.

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