Pivotal Investment Co. III (NYSE:PICC) Short Interest Up 1,000.0% in August

Pivotal Investment Co. III (NYSE:PICC) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 2,200 shares, an increase of 1,000.0% from the August 15th total of 200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 44,800 shares, the days-to-cover ratio is presently 0.0 days.

A hedge fund recently bought a new stake in Pivotal Investment Co. III stock. Basso Capital Management L.P. acquired a new stake in Pivotal Investment Co. III (NYSE:PICC) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,769 shares of the company’s stock, valued at approximately $544,000. Basso Capital Management L.P. owned approximately 0.16% of Pivotal Investment Co. III at the end of the most recent quarter. Hedge funds and other institutional investors own 39.25% of the company’s stock.

Shares of PICC opened at $9.71 on Wednesday. The stock has a 50 day moving average of $9.72. Pivotal Investment Co. III has a 52 week low of $9.61 and a 52 week high of $10.17.

About Pivotal Investment Co. III

Pivotal Investment Corporation III 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 was incorporated in 2020 and is based in New York, New York.

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