PropTech Acquisition Co. (NASDAQ:PTAC) Short Interest Update

PropTech Acquisition Co. (NASDAQ:PTAC) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 32 shares, a drop of 77.5% from the August 31st total of 142 shares. Based on an average daily volume of 805 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

PropTech Acquisition Stock Performance

Shares of PTAC traded up $0.05 during mid-day trading on Friday, reaching $10.01. The company had a trading volume of 223 shares, compared to its average volume of 54,651. PropTech Acquisition has a 52 week low of $9.74 and a 52 week high of $10.10. The firm has a 50-day moving average price of $8.19 and a 200 day moving average price of $7.57.

PropTech Acquisition Company Profile

PropTech Acquisition Corporation was a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the real estate technology, property services, or related sectors. As a blank-check company, it did not operate a substantial standalone product or service business before completing its transaction.

PropTech Acquisition Corporation completed a business combination with Porch.com in 2020. Following the transaction, Porch became the operating company, providing software and services designed to support the residential real estate industry, including solutions for homebuyers, home sellers, real estate professionals, and service providers.

After the merger, the combined company operated under the Porch name and its securities traded under Porch-related symbols.