Pelican Acquisition Corporation (NASDAQ:PELI) Short Interest Up 362.1% in January

Pelican Acquisition Corporation (NASDAQ:PELI) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 48,161 shares, an increase of 362.1% from the December 31st total of 10,422 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 457,687 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 457,687 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of Pelican Acquisition

A number of institutional investors have recently bought and sold shares of the business. Berkley W R Corp raised its position in shares of Pelican Acquisition by 46.8% in the third quarter. Berkley W R Corp now owns 517,961 shares of the company’s stock valued at $5,211,000 after buying an additional 165,054 shares in the last quarter. Wolverine Asset Management LLC increased its stake in Pelican Acquisition by 2.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 461,569 shares of the company’s stock worth $4,643,000 after acquiring an additional 8,838 shares during the period. Clear Street LLC bought a new position in Pelican Acquisition during the 2nd quarter worth $4,295,000. Linden Advisors LP acquired a new position in Pelican Acquisition in the 2nd quarter valued at $3,700,000. Finally, AQR Arbitrage LLC bought a new stake in shares of Pelican Acquisition during the 2nd quarter valued at $3,700,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Pelican Acquisition in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Pelican Acquisition Stock Performance

Shares of NASDAQ PELI opened at $11.00 on Wednesday. Pelican Acquisition has a twelve month low of $8.98 and a twelve month high of $11.49. The stock’s 50 day simple moving average is $10.31.

Pelican Acquisition (NASDAQ:PELI) last posted its quarterly earnings results on Monday, September 15th. The company reported $0.03 earnings per share for the quarter.

About Pelican Acquisition

Pelican Acquisition Corp is a Delaware-based special purpose acquisition company (SPAC) listed on the Nasdaq under the ticker PELI. Founded in 2021, the firm completed its initial public offering in July 2021 and holds its capital in trust pending the completion of a business combination. The company’s charter permits a merger, stock exchange, asset purchase or other similar transactions with one or more operating businesses.

The SPAC is focused on identifying opportunities in technology-driven sectors, including software, cybersecurity, digital infrastructure and related fields.