Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) Short Interest Down 22.1% in April

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 6,000 shares, a decline of 22.1% from the March 31st total of 7,700 shares. Based on an average daily volume of 79,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Project Energy Reimagined Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the company. Robinson Capital Management LLC bought a new stake in shares of Project Energy Reimagined Acquisition during the third quarter valued at approximately $848,000. Spartan Fund Management Inc. bought a new stake in Project Energy Reimagined Acquisition in the 3rd quarter worth approximately $930,000. Kim LLC bought a new stake in Project Energy Reimagined Acquisition in the 4th quarter worth approximately $2,774,000. Mizuho Securities USA LLC bought a new stake in Project Energy Reimagined Acquisition in the 4th quarter worth approximately $4,869,000. Finally, Glazer Capital LLC purchased a new position in shares of Project Energy Reimagined Acquisition during the 4th quarter worth $6,348,000. 95.52% of the stock is owned by institutional investors.

Project Energy Reimagined Acquisition Stock Down 3.1 %

NASDAQ:PEGR traded down $0.28 during midday trading on Friday, hitting $8.89. The company had a trading volume of 4,682 shares, compared to its average volume of 34,230. Project Energy Reimagined Acquisition has a 52-week low of $7.40 and a 52-week high of $15.00. The stock’s fifty day moving average price is $10.26 and its 200-day moving average price is $10.46.

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.