PropTech Acquisition Co. (NASDAQ:PTAC) Shares Shorted: Short Interest Down 37.5% in September

PropTech Acquisition Co. (NASDAQ:PTAC) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 20 shares, a decrease of 37.5% from the September 15th total of 32 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 5,609 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of PropTech Acquisition in a research report on Monday, September 28th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

PropTech Acquisition Price Performance

Shares of NASDAQ PTAC opened at $9.99 on Friday. PropTech Acquisition has a twelve month low of $9.74 and a twelve month high of $10.10. The company’s fifty day moving average is $9.04 and its 200-day moving average is $7.83.

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 sector. Unlike an operating company, it did not offer a broad portfolio of products or services to customers; its principal activity was raising capital through an initial public offering and pursuing a business combination.

The company focused on companies developing technology for the real estate industry, including software, data tools and digital services intended to improve property transactions, management and related services.