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 drop in short interest in April. As of April 15th, there was short interest totalling 6,000 shares, a drop of 22.1% from the March 31st total of 7,700 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 79,300 shares, the days-to-cover ratio is currently 0.1 days.

Project Energy Reimagined Acquisition Stock Performance

Shares of PEGR stock traded down $0.28 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 twelve month low of $7.40 and a twelve month high of $15.00. The company has a 50-day moving average price of $10.26 and a 200-day moving average price of $10.46.

Institutional Investors Weigh In On Project Energy Reimagined Acquisition

Several large investors have recently bought and sold shares of the company. Berkley W R Corp lifted its holdings in Project Energy Reimagined Acquisition by 327.5% in the fourth quarter. Berkley W R Corp now owns 850,204 shares of the company’s stock valued at $8,995,000 after acquiring an additional 651,344 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in Project Energy Reimagined Acquisition during the third quarter worth $6,700,000. Periscope Capital Inc. acquired a new position in Project Energy Reimagined Acquisition during the third quarter worth $6,376,000. Glazer Capital LLC acquired a new position in Project Energy Reimagined Acquisition during the fourth quarter worth $6,348,000. Finally, Mizuho Securities USA LLC acquired a new position in Project Energy Reimagined Acquisition during the fourth quarter worth $4,869,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

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.