Patriot Acquisition Corp./CI (NASDAQ:PTACU – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 189 shares, a decline of 81.7% from the July 30th total of 1,035 shares. Based on an average trading volume of 6 shares, the short-interest ratio is presently 31.5 days.
Patriot Acquisition Corp./CI Trading Down 0.1%
Shares of Patriot Acquisition Corp./CI stock traded down $0.01 during trading on Friday, hitting $10.06. The stock had a trading volume of 200 shares, compared to its average volume of 63,333. The company has a fifty day simple moving average of $10.06. Patriot Acquisition Corp./CI has a 12 month low of $9.93 and a 12 month high of $10.08.
About Patriot Acquisition Corp./CI
Patriot Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
As a SPAC, the company does not have commercial operations of its own and is organized to identify and complete an acquisition opportunity. Its efforts are typically focused on evaluating target businesses across a range of industries and geographies, though specific target criteria may vary based on the company’s formation documents and management strategy.
Because Patriot Acquisition Corp.
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