Paloma Acquisition Corp I (NASDAQ:PALO – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 627 shares, a decline of 69.3% from the July 30th total of 2,042 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 2,841 shares, the short-interest ratio is currently 0.2 days.
Paloma Acquisition Corp I Stock Down 0.2%
Shares of PALO stock opened at $9.96 on Thursday. The business has a 50 day simple moving average of $9.93. Paloma Acquisition Corp I has a fifty-two week low of $9.84 and a fifty-two week high of $9.98.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on shares of Paloma Acquisition Corp I in a research report on Friday, August 14th. They set a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
Paloma Acquisition Corp I Company Profile
Paloma Acquisition Corp I is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
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