Praetorian Acquisition Corp. (NASDAQ:PTOR – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 6,606 shares, a growth of 56.1% from the September 15th total of 4,231 shares. Based on an average trading volume of 49,245 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Wall Street Analyst Weigh In
Several research firms recently weighed in on PTOR. Wall Street Zen upgraded Praetorian Acquisition to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded Praetorian Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Analysis on Praetorian Acquisition
Praetorian Acquisition Trading Down 0.1%
NASDAQ PTOR traded down $0.01 during trading hours on Friday, reaching $9.97. 122,848 shares of the company’s stock traded hands, compared to its average volume of 38,539. Praetorian Acquisition has a 52-week low of $9.77 and a 52-week high of $10.04. The firm has a 50-day simple moving average of $9.97 and a 200 day simple moving average of $9.92.
About Praetorian Acquisition
Praetorian Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating businesses. The company does not operate a conventional commercial business and does not manufacture products or provide services of its own.
Its primary corporate activities include evaluating potential merger partners and pursuing transactions such as a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.
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