The trading price of Pershing Square Tontine Holdings Ltd. (NYSE:PSTH) closed lower on Tuesday, July 20, closing at $20.38, -0.05% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $20.28 and $20.48. In examining the 52-week price action we see that the stock hit a 52-week high of $34.10 and a 52-week low of $20.12. Over the past month, the stock has lost -10.22% in value.
Pershing Square Tontine Holdings Ltd., whose market valuation is $4.15 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Pershing Square Tontine Holdings Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PSTH has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that PSTH’s price is currently -7.85% off the SMA20 and -12.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 23.41, and weekly volatility stands at 2.08%. When measured over the past 30 days, the indicator reaches 2.13%. Pershing Square Tontine Holdings Ltd. (NYSE:PSTH)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.44.
To see how Pershing Square Tontine Holdings Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: PSTH stock’s performance was -0.05% in the latest trading. Pershing Square Tontine Holdings Ltd. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Pershing Square Tontine Holdings Ltd. (NYSE:PSTH) indicates that the 3-month average is 2.97 million. However, this figure has increased over the past 10 days to an average of 2.43 million.
Currently, records show that 200.00 million of the company’s shares remain outstanding. The institutions hold 51.50%. The stats also highlight that short interest as of May 27, 2021, stood at 4.54 million shares, resulting in a short ratio of 2.04 at that time. From this, we can conclude that short interest is 2.27% of the company’s total outstanding shares. It is noteworthy that short shares in May were down slightly from the previous month’s figure, which was 5.84 million. However, since the stock’s price has seen -26.48% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.