Pioneer Acquisition I Corp. (NASDAQ:PACH) Stock Short Interest Rises 71.6%

Pioneer Acquisition I Corp. (NASDAQ:PACH – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 2,275 shares, an increase of 71.6% from the September 15th total of 1,326 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 91,521 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Sona Asset Management US LLC bought a new stake in Pioneer Acquisition I in the 1st quarter valued at $1,125,000. Lineage Point Capital LP bought a new position in Pioneer Acquisition I in the fourth quarter valued at approximately $1,073,000. Magnetar Financial LLC bought a new position in shares of Pioneer Acquisition I in the fourth quarter valued at $10,060,000. Finally, Radcliffe Capital Management L.P. increased its stake in shares of Pioneer Acquisition I by 6.2% during the 4th quarter. Radcliffe Capital Management L.P. now owns 629,247 shares of the company’s stock worth $6,324,000 after purchasing an additional 36,772 shares during the last quarter.

Pioneer Acquisition I Stock Performance

Shares of PACH stock traded down $0.01 during trading hours on Friday, reaching $10.36. The company had a trading volume of 12,535 shares, compared to its average volume of 170,288. Pioneer Acquisition I has a 1-year low of $9.99 and a 1-year high of $10.40. The company has a 50 day moving average of $10.33 and a 200 day moving average of $10.26.

Pioneer Acquisition I (NASDAQ:PACH – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pioneer Acquisition I from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Read Our Latest Report on PACH

Pioneer Acquisition I Company Profile

(Get Free Report)

Pioneer Acquisition I Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a merger, share exchange, asset acquisition, or similar business combination with an operating company. As a SPAC, it does not have an established commercial product line or significant operating business of its own.

The company was formed to raise capital through a public offering and place those funds in a trust account while its management team searched for a suitable acquisition target.

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