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

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 3,300 shares, a drop of 13.2% from the June 15th total of 3,800 shares. Based on an average daily trading volume, of 12,200 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Project Energy Reimagined Acquisition Stock Performance

Project Energy Reimagined Acquisition stock opened at $10.94 on Tuesday. Project Energy Reimagined Acquisition has a 1 year low of $7.40 and a 1 year high of $15.00. The firm’s 50 day moving average price is $10.34 and its two-hundred day moving average price is $10.33.

Hedge Funds Weigh In On Project Energy Reimagined Acquisition

Hedge funds have recently modified their holdings of the stock. Kim LLC acquired a new position in shares of Project Energy Reimagined Acquisition in the 4th quarter valued at $2,774,000. Mizuho Securities USA LLC acquired a new position in shares of Project Energy Reimagined Acquisition in the fourth quarter worth about $4,869,000. Glazer Capital LLC purchased a new position in shares of Project Energy Reimagined Acquisition in the fourth quarter worth approximately $6,348,000. Berkley W R Corp raised its holdings in shares of Project Energy Reimagined Acquisition by 327.5% during 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 period. Finally, Picton Mahoney Asset Management lifted its position 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 valued at $12,050,000 after acquiring an additional 500,000 shares in the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

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.