Praetorian Acquisition Corp. Units (NASDAQ:PTORU) Sees Large Increase in Short Interest

Praetorian Acquisition Corp. Units (NASDAQ:PTORUGet Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 890 shares, an increase of 232.1% from the April 30th total of 268 shares. Based on an average daily volume of 3,485 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Praetorian Acquisition Corp. Units to a “hold” rating in a research report on Tuesday, February 3rd.

View Our Latest Research Report on PTORU

Praetorian Acquisition Corp. Units Stock Performance

Shares of NASDAQ:PTORU traded down $0.21 during midday trading on Friday, hitting $9.83. The company’s stock had a trading volume of 260 shares, compared to its average volume of 111,710. The stock’s 50 day moving average is $9.96. Praetorian Acquisition Corp. Units has a fifty-two week low of $8.90 and a fifty-two week high of $10.40.

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