KPET Ultra Paceline Corporation (NYSE:KPET) Sees Significant Decrease in Short Interest

KPET Ultra Paceline Corporation (NYSE:KPET) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 113 shares, a drop of 57.5% from the August 31st total of 266 shares. Based on an average daily volume of 7,614 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of KPET Ultra Paceline in a research report on Monday, August 17th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, KPET Ultra Paceline currently has a consensus rating of “Sell”.

KPET Ultra Paceline Price Performance

NYSE KPET opened at $10.03 on Wednesday. The stock’s 50-day simple moving average is $10.03. KPET Ultra Paceline has a twelve month low of $9.91 and a twelve month high of $10.21. The stock has a market capitalization of $290.62 million and a P/E ratio of 167.08.

KPET Ultra Paceline (NYSE:KPET) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.06 EPS for the quarter.

About KPET Ultra Paceline

KPET Ultra Paceline Corporation is a blank check company. It formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. KPET Ultra Paceline Corporation is based in New York.