Paloma Acquisition Corp I (NASDAQ:PALOU – Get Free Report) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 10 shares, a decline of 89.9% from the July 15th total of 99 shares. Based on an average daily volume of 1,048 shares, the short-interest ratio is presently 0.0 days.
Paloma Acquisition Corp I Stock Performance
Shares of PALOU stock traded up $0.20 during trading on Wednesday, reaching $10.25. Paloma Acquisition Corp I has a 52-week low of $9.95 and a 52-week high of $11.75. The stock has a fifty day moving average of $10.10.
About Paloma Acquisition Corp I
Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.
Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.
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