PHP Ventures Acquisition Corp. (NASDAQ:PPHP) Short Interest Down 17.4% in April

PHP Ventures Acquisition Corp. (NASDAQ:PPHPGet Rating) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 1,900 shares, a decrease of 17.4% from the April 15th total of 2,300 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 3.8 days.

Several institutional investors and hedge funds have recently modified their holdings of the company. Saba Capital Management L.P. acquired a new stake in PHP Ventures Acquisition during the 4th quarter worth $5,462,000. Karpus Management Inc. acquired a new position in PHP Ventures Acquisition in the fourth quarter valued at about $3,773,000. Wolverine Asset Management LLC acquired a new position in PHP Ventures Acquisition in the fourth quarter valued at about $1,600,000. D. E. Shaw & Co. Inc. bought a new position in PHP Ventures Acquisition during the fourth quarter worth about $1,413,000. Finally, Omni Event Management Ltd acquired a new position in shares of PHP Ventures Acquisition during the 4th quarter worth about $1,341,000. 69.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of PPHP remained flat at $$10.02 during mid-day trading on Tuesday. 14 shares of the stock traded hands, compared to its average volume of 320. The business has a 50 day moving average of $10.00. PHP Ventures Acquisition has a twelve month low of $9.81 and a twelve month high of $10.63.

PHP Ventures Acquisition (NASDAQ:PPHPGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported ($0.06) earnings per share (EPS) for the quarter.

PHP Ventures Acquisition Company Profile (Get Rating)

PHP Ventures Acquisition Corp. does not have signification business operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on consumer-facing companies. The company was incorporated in 2021 and is based in Subang Jaya, Malaysia.

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