Pelican Acquisition II Corp. (NASDAQ:PLCIU – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,878 shares, a decline of 46.3% from the August 31st total of 3,497 shares. Based on an average daily trading volume, of 3,264 shares, the short-interest ratio is currently 0.6 days.
Pelican Acquisition II Price Performance
Shares of NASDAQ:PLCIU remained flat at $10.03 during trading on Thursday. The company has a 50-day moving average of $10.01. Pelican Acquisition II has a 12 month low of $9.95 and a 12 month high of $10.41.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Pelican Acquisition II to a “hold” rating in a research report on Saturday, August 1st.
Pelican Acquisition II Company Profile
Pelican Acquisition II is a special purpose acquisition company (SPAC) whose securities trade on the Nasdaq under the symbol PLCIU. As a blank-check company, it was formed to identify and complete a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses.
Unlike an operating company, Pelican Acquisition II does not appear to conduct a separate commercial business or offer products and services of its own.
Featured Stories
- Five stocks we like better than Pelican Acquisition II
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
Receive News & Ratings for Pelican Acquisition II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pelican Acquisition II and related companies with MarketBeat.com's FREE daily email newsletter.
