Pono Capital Two, Inc. (NASDAQ:PTWO) Short Interest Update

Pono Capital Two, Inc. (NASDAQ:PTWO) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 200 shares, a decline of 86.7% from the June 15th total of 1,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,700 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling

In related news, major shareholder Co. Ltd. Zuu acquired 6,297 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $81,861.00. Following the completion of the transaction, the insider now owns 1,467,115 shares in the company, valued at $19,072,495. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 11,902 shares of company stock worth $154,648 over the last ninety days. 63.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pono Capital Two

An institutional investor recently raised its position in Pono Capital Two stock. Clear Street LLC raised its stake in Pono Capital Two, Inc. (NASDAQ:PTWO) by 42.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,983 shares of the company’s stock after purchasing an additional 1,183 shares during the quarter. Clear Street LLC owned 0.07% of Pono Capital Two worth $43,000 at the end of the most recent quarter. 60.82% of the stock is currently owned by institutional investors.

Pono Capital Two Stock Up 1.0 %

PTWO traded up $0.13 during midday trading on Friday, hitting $13.14. The stock had a trading volume of 1,292 shares, compared to its average volume of 33,758. Pono Capital Two has a 1 year low of $10.35 and a 1 year high of $36.52. The business has a fifty day moving average of $13.36 and a 200 day moving average of $12.41.

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. Pono Capital Two, Inc was incorporated in 2022 and is based in Honolulu, Hawaii.