Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDBW) Sees Significant Growth in Short Interest

Power & Digital Infrastructure Acquisition II Corp. (NASDAQ:XPDBW) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 5,800 shares, a growth of 28.9% from the August 15th total of 4,500 shares. Based on an average daily volume of 22,300 shares, the days-to-cover ratio is currently 0.3 days.

Power & Digital Infrastructure Acquisition II Stock Performance

Shares of Power & Digital Infrastructure Acquisition II stock opened at $0.07 on Friday. Power & Digital Infrastructure Acquisition II has a one year low of $0.02 and a one year high of $0.36. The firm has a fifty day moving average of $0.08 and a two-hundred day moving average of $0.08.

Institutional Investors Weigh In On Power & Digital Infrastructure Acquisition II

A number of institutional investors have recently added to or reduced their stakes in the business. Gritstone Asset Management LLC grew its holdings in Power & Digital Infrastructure Acquisition II by 1,757.3% during the first quarter. Gritstone Asset Management LLC now owns 297,163 shares of the company’s stock worth $36,000 after acquiring an additional 281,163 shares during the period. Radcliffe Capital Management L.P. acquired a new position in shares of Power & Digital Infrastructure Acquisition II during the 1st quarter worth $2,446,000. Saba Capital Management L.P. purchased a new position in shares of Power & Digital Infrastructure Acquisition II in the 1st quarter valued at about $426,000. Aristeia Capital LLC acquired a new stake in shares of Power & Digital Infrastructure Acquisition II in the first quarter valued at about $345,000. Finally, Parallax Volatility Advisers L.P. boosted its holdings in Power & Digital Infrastructure Acquisition II by 20.3% during the third quarter. Parallax Volatility Advisers L.P. now owns 1,526,357 shares of the company’s stock worth $267,000 after buying an additional 257,243 shares in the last quarter.

Power & Digital Infrastructure Acquisition II Company Profile

Power & Digital Infrastructure Acquisition II Corp. intends to focus on identifying a prospective target business in North America within the renewable and transition energy sector. The company was incorporated in 2021 and is based in Chicago, Illinois.