Short Interest in Pono Capital Two, Inc. (NASDAQ:PTWO) Drops By 86.7%

Pono Capital Two, Inc. (NASDAQ:PTWO) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 200 shares, a decrease of 86.7% from the June 15th total of 1,500 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is presently 0.0 days.

Pono Capital Two Stock Up 1.0 %

Shares of NASDAQ PTWO traded up $0.13 during midday trading on Friday, hitting $13.14. The stock had a trading volume of 1,292 shares, compared to its average volume of 33,758. The company’s 50-day simple moving average is $13.39 and its 200 day simple moving average is $12.40. Pono Capital Two has a fifty-two week low of $10.35 and a fifty-two week high of $36.52.

Insider Transactions at Pono Capital Two

In other news, major shareholder Co. Ltd. Zuu bought 2,615 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was bought at an average cost of $12.97 per share, with a total value of $33,916.55. Following the purchase, the insider now owns 1,457,675 shares of the company’s stock, valued at $18,906,044.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 11,902 shares of company stock valued at $154,648. Corporate insiders own 63.90% of the company’s stock.

Institutional Investors Weigh In On Pono Capital Two

An institutional investor recently bought a new position in Pono Capital Two stock. K2 Principal Fund L.P. purchased a new position in Pono Capital Two, Inc. (NASDAQ:PTWO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,089 shares of the company’s stock, valued at approximately $225,000. K2 Principal Fund L.P. owned about 0.38% of Pono Capital Two as of its most recent SEC filing. Institutional investors own 60.82% of the company’s stock.

Pono Capital Two Company Profile

Pono Capital Two, Inc does not have any significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Pono Capital Two, Inc was incorporated in 2022 and is based in Honolulu, Hawaii.