Pensare Acquisition Corp (NASDAQ:WRLS) Short Interest Down 58.1% in June

Pensare Acquisition Corp (NASDAQ:WRLS) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 7,800 shares, a decrease of 58.1% from the May 30th total of 18,600 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 52,200 shares, the short-interest ratio is currently 0.1 days.

A number of large investors have recently bought and sold shares of WRLS. Weiss Asset Management LP raised its position in shares of Pensare Acquisition by 78.9% in the first quarter. Weiss Asset Management LP now owns 3,285,546 shares of the technology company’s stock valued at $33,743,000 after buying an additional 1,448,655 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Pensare Acquisition by 46.6% in the first quarter. Mizuho Securities USA LLC now owns 1,760,000 shares of the technology company’s stock valued at $18,075,000 after buying an additional 559,500 shares during the last quarter. Millennium Management LLC raised its position in shares of Pensare Acquisition by 45.2% in the fourth quarter. Millennium Management LLC now owns 35,924 shares of the technology company’s stock valued at $364,000 after buying an additional 11,191 shares during the last quarter. Finally, Havens Advisors LLC acquired a new stake in shares of Pensare Acquisition in the first quarter valued at about $359,000. Institutional investors own 73.81% of the company’s stock.

NASDAQ:WRLS traded up $0.06 during trading hours on Thursday, reaching $10.36. 600 shares of the company were exchanged, compared to its average volume of 124,786. The stock has a 50-day moving average of $10.40. Pensare Acquisition has a twelve month low of $9.85 and a twelve month high of $10.90.

Pensare Acquisition Company Profile

Pensare Acquisition Corp. does not have significant operations. It intends to enter into a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities in the United States. It plans to focus on businesses in the wireless telecommunications industry.

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