Pono Capital Two, Inc. (NASDAQ:PTWOW – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a drop of 93.5% from the February 29th total of 7,700 shares. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is currently 0.0 days.
Pono Capital Two Stock Performance
Shares of PTWOW stock remained flat at $0.04 during mid-day trading on Thursday. The company has a fifty day moving average price of $0.04 and a 200-day moving average price of $0.04. Pono Capital Two has a 52-week low of $0.01 and a 52-week high of $0.07.
Institutional Trading of Pono Capital Two
An institutional investor recently bought a new position in Pono Capital Two stock. Mangrove Partners acquired a new position in shares of Pono Capital Two, Inc. (NASDAQ:PTWOW – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 950,000 shares of the company’s stock, valued at approximately $9,690,000.
About Pono Capital Two
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. The company was incorporated in 2022 and is based in Honolulu, Hawaii.
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