Could Pensare Acquisition Corp – Unit (NASDAQ:WRLSU) Change Direction After More Shorts?

June 15, 2018 - By Louis Casey

The stock of Pensare Acquisition Corp – Unit (NASDAQ:WRLSU) registered an increase of 0.57% in short interest. WRLSU’s total short interest was 17,500 shares in June as published by FINRA. Its up 0.57% from 17,400 shares, reported previously. With 9,000 shares average volume, it will take short sellers 2 days to cover their WRLSU’s short positions.

The stock decreased 0.46% or $0.05 during the last trading session, reaching $10.5. About 1,000 shares traded or Infinity% up from the average. Pensare Acquisition Corp. Units (NASDAQ:WRLSU) has 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

Pensare Acquisition Corp. 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. The company has market cap of $81.51 million. It plans to focus on businesses in the wireless telecommunications industry. It currently has negative earnings.

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