Paloma Acquisition Corp I (NASDAQ:PALO – Get Free Report) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,345 shares, a decrease of 38.8% from the September 30th total of 2,196 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 9,631 shares, the days-to-cover ratio is presently 0.1 days.
Paloma Acquisition Corp I Price Performance
Shares of PALO stock traded up $0.01 on Monday, reaching $10.01. The stock had a trading volume of 561 shares, compared to its average volume of 2,088. The stock’s 50 day simple moving average is $10.00. Paloma Acquisition Corp I has a 1 year low of $9.84 and a 1 year high of $10.08.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Paloma Acquisition Corp I from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Check Out Our Latest Report on PALO
Paloma Acquisition Corp I Company Profile
Paloma Acquisition Corp I is a special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more private companies. Its potential transaction may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar corporate combination.
Unlike an operating company, Paloma Acquisition Corp I does not have established commercial products or services of its own. Its activities are primarily focused on evaluating prospective target businesses, conducting due diligence and negotiating a transaction that could result in a private company becoming publicly traded.
The company was organized as a blank-check company and has not publicly identified a completed operating business in the information available here.
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