Pono Capital Two, Inc. (NASDAQ:PTWO) Short Interest Up 16.0% in August

Pono Capital Two, Inc. (NASDAQ:PTWO) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 10,900 shares, an increase of 16.0% from the August 15th total of 9,400 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is currently 1.2 days. Currently, 3.9% of the shares of the company are sold short.

Insider Transactions at Pono Capital Two

In other Pono Capital Two news, major shareholder Co. Ltd. Zuu purchased 8,399 shares of Pono Capital Two stock in a transaction dated Thursday, August 22nd. The shares were bought at an average cost of $10.51 per share, for a total transaction of $88,273.49. Following the transaction, the insider now owns 1,423,718 shares in the company, valued at approximately $14,963,276.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 40,002 shares of company stock worth $499,106. 63.90% of the stock is currently owned by insiders.

Institutional Trading of Pono Capital Two

An institutional investor recently raised its position in Pono Capital Two stock. Clear Street LLC raised its stake in shares of Pono Capital Two, Inc. (NASDAQ:PTWO) by 42.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,983 shares of the company’s stock after buying an additional 1,183 shares during the period. Clear Street LLC owned approximately 0.07% of Pono Capital Two worth $43,000 as of its most recent SEC filing. 60.82% of the stock is currently owned by institutional investors and hedge funds.

Pono Capital Two Stock Down 1.4 %

Shares of PTWO stock traded down $0.15 during trading hours on Monday, reaching $10.89. The stock had a trading volume of 16,178 shares, compared to its average volume of 27,359. Pono Capital Two has a twelve month low of $8.04 and a twelve month high of $36.52. The firm has a 50-day simple moving average of $12.36 and a 200-day simple moving average of $12.80.

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.