Pelican Acquisition II Corp. (NASDAQ:PLCIU – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,656 shares, an increase of ∞ from the July 15th total of 0 shares. Based on an average daily trading volume, of 254,211 shares, the days-to-cover ratio is currently 0.0 days.
Pelican Acquisition II Price Performance
NASDAQ:PLCIU opened at $10.01 on Friday. Pelican Acquisition II has a 1-year low of $9.95 and a 1-year high of $10.41.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Pelican Acquisition II to a “hold” rating in a research report on Saturday, August 1st.
About Pelican Acquisition II
Pelican Acquisition II, also known as Pelican Acquisition Corporation II, is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol PLCIU. The company was formed to pursue a business combination, such as a merger, acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, Pelican Acquisition II does not currently offer products or services to customers. Its primary activities involve raising capital through a public offering, evaluating potential acquisition targets, and negotiating a transaction intended to create a publicly traded operating company.
Publicly available information does not identify a completed acquisition, a specific target industry or geography, or sufficient details about the company’s leadership and operations.
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