Short Interest in Perceptive Capital Solutions Corp. (NASDAQ:PCSC) Grows By 13,815.1%
by Michael Walen · The Markets DailyPerceptive Capital Solutions Corp. (NASDAQ:PCSC – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 281,642 shares, an increase of 13,815.1% from the November 30th total of 2,024 shares. Based on an average daily trading volume, of 463,174 shares, the short-interest ratio is currently 0.6 days. Currently, 3.2% of the shares of the stock are sold short. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 463,174 shares, the short-interest ratio is currently 0.6 days.
Institutional Trading of Perceptive Capital Solutions
A number of large investors have recently made changes to their positions in the company. Radcliffe Capital Management L.P. purchased a new stake in Perceptive Capital Solutions during the 3rd quarter valued at approximately $128,000. Berkley W R Corp purchased a new position in shares of Perceptive Capital Solutions in the 2nd quarter valued at about $169,000. Sculptor Capital LP increased its holdings in Perceptive Capital Solutions by 0.5% in the second quarter. Sculptor Capital LP now owns 415,090 shares of the company’s stock valued at $4,408,000 after buying an additional 2,243 shares in the last quarter. Finally, Rangeley Capital LLC acquired a new position in Perceptive Capital Solutions during the second quarter worth $212,000.
Perceptive Capital Solutions Stock Up 0.7%
NASDAQ:PCSC traded up $0.10 on Wednesday, hitting $13.59. The stock had a trading volume of 32,360 shares, compared to its average volume of 64,723. Perceptive Capital Solutions has a 1-year low of $10.13 and a 1-year high of $13.95. The stock has a market cap of $121.04 million, a price-to-earnings ratio of 97.04 and a beta of 0.01. The company has a fifty day moving average price of $11.19 and a two-hundred day moving average price of $10.84.
Perceptive Capital Solutions (NASDAQ:PCSC – Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Perceptive Capital Solutions in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.
Check Out Our Latest Report on Perceptive Capital Solutions
About Perceptive Capital Solutions
Perceptive Capital Solutions Corp is a blank check company. It formed for the purpose of entering into a combination with one or more businesses or entities. Perceptive Capital Solutions Corp is based in NEW YORK.