Paloma Acquisition Corp I (NASDAQ:PALOU – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 158 shares, a drop of 40.4% from the May 14th total of 265 shares. Based on an average daily volume of 401 shares, the days-to-cover ratio is presently 0.4 days.
Paloma Acquisition Corp I Trading Up 0.2%
PALOU opened at $10.08 on Wednesday. The business’s fifty day moving average price is $10.09. Paloma Acquisition Corp I has a 1 year low of $9.95 and a 1 year high of $11.75.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Paloma Acquisition Corp I to a “hold” rating in a research report on Monday, March 2nd.
Paloma Acquisition Corp I Company Profile
Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.
Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.
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