Short Interest in Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS) Increases By 7,025.0%

Pegasus Digital Mobility Acquisition Corp. (NYSE:PGSS) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 57,000 shares, an increase of 7,025.0% from the March 31st total of 800 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 43,600 shares, the days-to-cover ratio is currently 1.3 days.

Pegasus Digital Mobility Acquisition Stock Down 3.6 %

Shares of PGSS opened at $10.99 on Friday. Pegasus Digital Mobility Acquisition has a 52-week low of $10.00 and a 52-week high of $11.50. The firm’s fifty day moving average is $11.18 and its two-hundred day moving average is $11.11.

Institutional Investors Weigh In On Pegasus Digital Mobility Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spartan Fund Management Inc. acquired a new stake in Pegasus Digital Mobility Acquisition during the 4th quarter worth $398,000. K2 Principal Fund L.P. acquired a new position in shares of Pegasus Digital Mobility Acquisition during the 4th quarter valued at about $586,000. Quarry LP boosted its position in shares of Pegasus Digital Mobility Acquisition by 1,443.6% during the 4th quarter. Quarry LP now owns 130,000 shares of the company’s stock valued at $1,436,000 after acquiring an additional 121,578 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of Pegasus Digital Mobility Acquisition by 69.6% during the 4th quarter. Mizuho Securities USA LLC now owns 400,230 shares of the company’s stock valued at $4,423,000 after acquiring an additional 164,227 shares during the last quarter. Finally, Linden Advisors LP acquired a new position in shares of Pegasus Digital Mobility Acquisition during the 3rd quarter valued at about $2,462,000. Institutional investors and hedge funds own 46.03% of the company’s stock.

About Pegasus Digital Mobility Acquisition

Pegasus Digital Mobility Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify potential business combination targets in the transportation sector.