Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) Sees Large Decline in Short Interest

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 3,800 shares, a decrease of 33.3% from the May 31st total of 5,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 38,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Project Energy Reimagined Acquisition

A number of institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its stake in shares of Project Energy Reimagined Acquisition by 78.1% in the 4th quarter. Picton Mahoney Asset Management now owns 1,140,000 shares of the company’s stock worth $12,050,000 after acquiring an additional 500,000 shares during the last quarter. Mizuho Securities USA LLC purchased a new position in Project Energy Reimagined Acquisition during the fourth quarter worth about $4,869,000. Kim LLC acquired a new position in Project Energy Reimagined Acquisition in the 4th quarter valued at about $2,774,000. Berkley W R Corp grew its stake in shares of Project Energy Reimagined Acquisition by 327.5% in the 4th quarter. Berkley W R Corp now owns 850,204 shares of the company’s stock valued at $8,995,000 after buying an additional 651,344 shares during the period. Finally, Glazer Capital LLC acquired a new stake in shares of Project Energy Reimagined Acquisition during the 4th quarter worth approximately $6,348,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Project Energy Reimagined Acquisition Price Performance

PEGR opened at $10.84 on Friday. The company’s 50 day simple moving average is $9.85 and its two-hundred day simple moving average is $10.30. Project Energy Reimagined Acquisition has a 1-year low of $7.40 and a 1-year high of $15.00.

About Project Energy Reimagined Acquisition

Project Energy Reimagined Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to focus on the Electric Grid 2.0 sector.