White Pearl Acquisition Corp. (NYSE:WPAC) Sees Significant Decrease in Short Interest

White Pearl Acquisition Corp. (NYSE:WPAC) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,335 shares, a drop of 45.2% from the May 31st total of 4,263 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 4,073 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of White Pearl Acquisition in a research note on Monday, June 1st. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

White Pearl Acquisition Stock Performance

Shares of WPAC traded up $0.01 on Wednesday, reaching $10.03. The company’s stock had a trading volume of 108 shares, compared to its average volume of 46,317. White Pearl Acquisition has a twelve month low of $9.82 and a twelve month high of $11.89.

About White Pearl Acquisition

White Pearl Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.