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

Pono Capital Two, Inc. (NASDAQ:PTWO) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 10,900 shares, a growth 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 presently 1.2 days. Currently, 3.9% of the company’s stock are sold short.

Insider Transactions at Pono Capital Two

In other news, major shareholder Co. Ltd. Zuu acquired 8,399 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $10.51 per share, for a total transaction of $88,273.49. Following the completion of the acquisition, the insider now directly owns 1,423,718 shares of the company’s stock, valued at approximately $14,963,276.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have bought 40,002 shares of company stock valued at $499,106. 63.90% of the stock is currently owned by corporate insiders.

Institutional Investors 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 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,089 shares of the company’s stock, valued at approximately $225,000. K2 Principal Fund L.P. owned about 0.38% of Pono Capital Two as of its most recent filing with the Securities & Exchange Commission. 60.82% of the stock is owned by hedge funds and other institutional investors.

Pono Capital Two Stock Performance

PTWO stock traded down $0.15 during trading on Monday, hitting $10.89. 16,178 shares of the company’s stock traded hands, compared to its average volume of 27,359. Pono Capital Two has a 1 year low of $8.04 and a 1 year high of $36.52. The business has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $12.81.

Pono Capital Two Company Profile

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.