Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) Short Interest Update

Project Energy Reimagined Acquisition Corp. (NASDAQ:PEGR) was the recipient of a large drop in short interest in the month of 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 12,200 shares, the short-interest ratio is currently 0.3 days.

Project Energy Reimagined Acquisition Price Performance

Shares of PEGR opened at $12.75 on Friday. Project Energy Reimagined Acquisition has a 12 month low of $7.40 and a 12 month high of $15.00. The stock’s 50 day moving average is $10.30 and its two-hundred day moving average is $10.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glazer Capital LLC purchased a new position in Project Energy Reimagined Acquisition in the 4th quarter valued at about $6,348,000. Berkley W R Corp lifted its position in shares of Project Energy Reimagined Acquisition by 327.5% in 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 in the last quarter. Kim LLC acquired a new stake in shares of Project Energy Reimagined Acquisition in the fourth quarter worth approximately $2,774,000. Mizuho Securities USA LLC purchased a new stake in shares of Project Energy Reimagined Acquisition during the fourth quarter worth approximately $4,869,000. Finally, Picton Mahoney Asset Management raised its stake in 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 purchasing an additional 500,000 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.

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.