Praetorian Acquisition Corp. (NASDAQ:PTOR) Sees Large Increase in Short Interest

Praetorian Acquisition Corp. (NASDAQ:PTOR) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 6,606 shares, a growth of 56.1% from the September 15th total of 4,231 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 49,245 shares, the days-to-cover ratio is currently 0.1 days.

Praetorian Acquisition Stock Down 0.1%

PTOR opened at $9.97 on Friday. The stock’s 50 day moving average price is $9.97 and its 200-day moving average price is $9.92. Praetorian Acquisition has a one year low of $9.77 and a one year high of $10.04.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PTOR. Wall Street Zen raised shares of Praetorian Acquisition to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Praetorian Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Praetorian Acquisition Company Profile

Praetorian Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating businesses. The company does not operate a conventional commercial business and does not manufacture products or provide services of its own.

Its primary corporate activities include evaluating potential merger partners and pursuing transactions such as a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.