Perception Capital Corp. III (NASDAQ:PFTA) Short Interest Update

Perception Capital Corp. III (NASDAQ:PFTA) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,900 shares, a drop of 44.1% from the March 31st total of 3,400 shares. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Perception Capital Corp. III Stock Performance

Shares of NASDAQ PFTA remained flat at $10.73 during trading hours on Friday. 7 shares of the company traded hands, compared to its average volume of 9,336. Perception Capital Corp. III has a fifty-two week low of $10.26 and a fifty-two week high of $11.39. The business’s 50 day moving average is $10.70 and its 200 day moving average is $10.60.

Hedge Funds Weigh In On Perception Capital Corp. III

A number of institutional investors and hedge funds have recently bought and sold shares of PFTA. Tuttle Capital Management LLC bought a new stake in shares of Perception Capital Corp. III in the fourth quarter valued at about $212,000. Mizuho Securities USA LLC raised its holdings in Perception Capital Corp. III by 208.5% in the 4th quarter. Mizuho Securities USA LLC now owns 31,974 shares of the company’s stock valued at $329,000 after acquiring an additional 21,609 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Perception Capital Corp. III in the 1st quarter worth approximately $401,000. HighTower Advisors LLC acquired a new stake in shares of Perception Capital Corp. III during the 3rd quarter worth approximately $641,000. Finally, Quarry LP bought a new stake in shares of Perception Capital Corp. III during the fourth quarter valued at approximately $693,000. Institutional investors own 26.89% of the company’s stock.

Perception Capital Corp. III Company Profile

Perception Capital Corp. III intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was formerly known as Portage Fintech Acquisition Corporation and changed its name to Perception Capital Corp.