Paloma Acquisition Corp I (NASDAQ:PALOU) Sees Large Decrease in Short Interest

Paloma Acquisition Corp I (NASDAQ:PALOU) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 158 shares, a decline of 40.4% from the May 14th total of 265 shares. Based on an average daily volume of 401 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Paloma Acquisition Corp I to a “hold” rating in a research report on Monday, March 2nd.

Paloma Acquisition Corp I Price Performance

Shares of NASDAQ PALOU traded up $0.01 during trading on Monday, reaching $10.06. 159 shares of the stock traded hands, compared to its average volume of 49,105. Paloma Acquisition Corp I has a 52-week low of $9.95 and a 52-week high of $11.75. The firm has a 50-day moving average of $10.09.

Paloma Acquisition Corp I Company Profile

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.