Proem Acquisition Corp I (NASDAQ:PAAC – Get Free Report) saw a significant decrease in short interest in the month of 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. Based on an average trading volume of 3,327 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Proem Acquisition Corp I Trading Down 0.1%
NASDAQ PAAC traded down $0.01 on Monday, hitting $9.95. 558 shares of the company traded hands, compared to its average volume of 13,946. Proem Acquisition Corp I has a 52-week low of $9.83 and a 52-week high of $10.15.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on Proem Acquisition Corp I in a research report on Tuesday, June 30th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Proem Acquisition Corp I Company Profile
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.
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