CC Neuberger Principal Holdings III (NYSE:PRPC) Sees Significant Growth in Short Interest

CC Neuberger Principal Holdings III (NYSE:PRPCGet Rating) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 17,700 shares, a growth of 234.0% from the April 30th total of 5,300 shares. Based on an average daily trading volume, of 116,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Shares of PRPC stock traded up $0.03 during midday trading on Friday, hitting $9.83. The company had a trading volume of 235,024 shares, compared to its average volume of 111,346. The company’s 50 day simple moving average is $9.83 and its 200 day simple moving average is $9.81. CC Neuberger Principal Holdings III has a 52-week low of $9.65 and a 52-week high of $10.00.

Hedge funds have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC purchased a new position in shares of CC Neuberger Principal Holdings III in the 3rd quarter valued at approximately $134,000. Athanor Capital LP boosted its stake in shares of CC Neuberger Principal Holdings III by 42.6% in the third quarter. Athanor Capital LP now owns 19,826 shares of the company’s stock valued at $194,000 after buying an additional 5,926 shares in the last quarter. Beryl Capital Management LLC boosted its stake in shares of CC Neuberger Principal Holdings III by 7.4% in the third quarter. Beryl Capital Management LLC now owns 508,576 shares of the company’s stock valued at $4,959,000 after buying an additional 34,831 shares in the last quarter. Omni Event Management Ltd purchased a new stake in shares of CC Neuberger Principal Holdings III in the fourth quarter valued at approximately $487,000. Finally, Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in shares of CC Neuberger Principal Holdings III in the first quarter valued at approximately $108,000. Institutional investors own 87.44% of the company’s stock.

CC Neuberger Principal Holdings III Company Profile (Get Rating)

CC Neuberger Principal Holdings III does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

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