Paloma Acquisition Corp I (NASDAQ:PALO) Stock Short Interest Report for October

Paloma Acquisition Corp I (NASDAQ:PALO) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 1,345 shares, a decline of 38.8% from the September 30th total of 2,196 shares. Based on an average daily trading volume, of 9,631 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Paloma Acquisition Corp I Stock Performance

NASDAQ PALO opened at $10.01 on Friday. The company’s fifty day moving average is $10.00. Paloma Acquisition Corp I has a 12 month low of $9.84 and a 12 month high of $10.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Paloma Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Paloma Acquisition Corp I Company Profile

Paloma Acquisition Corp I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar corporate combination.

Unlike an operating company, Paloma Acquisition Corp I does not have established commercial products or services of its own. Its activities are primarily focused on evaluating prospective target businesses, conducting due diligence and negotiating a transaction that could result in a private company becoming publicly traded.

The company was organized as a blank-check company and has not publicly identified a completed operating business in the information available here.