Pono Capital Corp. (NASDAQ:PONO – Get Rating) shot up 2.8% during mid-day trading on Wednesday . The stock traded as high as $0.95 and last traded at $0.94. 88,015 shares were traded during trading, a decline of 3% from the average session volume of 90,705 shares. The stock had previously closed at $0.91.
Pono Capital Stock Up 2.8 %
The firm’s 50 day moving average price is $2.02 and its two-hundred day moving average price is $7.43.
Hedge Funds Weigh In On Pono Capital
A number of hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its holdings in Pono Capital by 4,175.0% during the 1st quarter. UBS Group AG now owns 2,565 shares of the company’s stock worth $26,000 after buying an additional 2,505 shares in the last quarter. Glazer Capital LLC acquired a new position in Pono Capital during the first quarter worth about $138,000. EHP Funds Inc. acquired a new position in Pono Capital during the first quarter worth about $150,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Pono Capital in the third quarter valued at about $154,000. Finally, Sea Otter Advisors LLC lifted its holdings in shares of Pono Capital by 20.3% in the fourth quarter. Sea Otter Advisors LLC now owns 67,494 shares of the company’s stock valued at $708,000 after purchasing an additional 11,402 shares in the last quarter. Hedge funds and other institutional investors own 74.11% of the company’s stock.
About Pono Capital
Pono Capital Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business opportunities in the field of enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, artificial intelligence, consumer healthcare and wellness, biomedical technology, entertainment/gaming, distance learning, and online retail and e-sports.
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