Proem Acquisition Corp I (NASDAQ:PAAC) Sees Large Decrease in Short Interest

Proem Acquisition Corp I (NASDAQ:PAAC) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 311 shares, a decrease of 77.0% from the June 30th total of 1,351 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,327 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Proem Acquisition Corp I in a report on Tuesday, June 30th. They set a “sell (e)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Proem Acquisition Corp I has a consensus rating of “Sell”.

Proem Acquisition Corp I Stock Down 0.1%

Proem Acquisition Corp I stock traded down $0.01 during mid-day trading on Friday, reaching $9.95. The company’s stock had a trading volume of 126 shares, compared to its average volume of 14,352. Proem Acquisition Corp I has a twelve month low of $9.83 and a twelve month high of $10.15.

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.