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

Pono Capital Two, Inc. (NASDAQ:PTWO) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 900 shares, an increase of 350.0% from the June 30th total of 200 shares. Based on an average trading volume of 7,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are short sold.

Pono Capital Two Stock Performance

Shares of PTWO traded up $0.89 on Thursday, hitting $12.90. 312 shares of the stock traded hands, compared to its average volume of 31,397. The stock’s 50 day moving average is $13.41 and its two-hundred day moving average is $12.57. Pono Capital Two has a 1 year low of $10.35 and a 1 year high of $36.52.

Insider Transactions at Pono Capital Two

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 purchased at an average price of $13.00 per share, with a total value of $81,861.00. Following the completion of the acquisition, the insider now owns 1,467,115 shares in the company, valued at $19,072,495. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 19,035 shares of company stock worth $247,455 over the last ninety days. 63.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pono Capital Two

A hedge fund recently bought a new stake in Pono Capital Two stock. K2 Principal Fund L.P. purchased a new stake in shares of Pono Capital Two, Inc. (NASDAQ:PTWO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,089 shares of the company’s stock, valued at approximately $225,000. K2 Principal Fund L.P. owned approximately 0.38% of Pono Capital Two at the end of the most recent quarter. Hedge funds and other institutional investors own 60.82% of the company’s stock.

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.