Proem Acquisition Corp I (NASDAQ:PAAC) Short Interest Update

Proem Acquisition Corp I (NASDAQ:PAAC) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,351 shares, a growth of 531.3% from the June 15th total of 214 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 681 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on Proem Acquisition Corp I in a research note on Tuesday, June 30th. They issued a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Proem Acquisition Corp I Trading Down 0.2%

NASDAQ:PAAC traded down $0.01 during midday trading on Friday, reaching $9.95. 495 shares of the stock traded hands, compared to its average volume of 15,671. Proem Acquisition Corp I has a 12 month low of $9.83 and a 12 month high of $10.00.

About Proem Acquisition Corp I

Proem Acquisition Corp I is a blank check company 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.