Praetorian Acquisition Corp. (NASDAQ:PTOR – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 33,143 shares, an increase of 4,936.9% from the June 30th total of 658 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,813 shares, the short-interest ratio is presently 0.8 days.
Praetorian Acquisition Trading Up 0.1%
Shares of NASDAQ PTOR traded up $0.01 during trading hours on Friday, hitting $9.98. 8,475 shares of the stock were exchanged, compared to its average volume of 34,340. The firm has a fifty day moving average of $9.94. Praetorian Acquisition has a 1-year low of $9.77 and a 1-year high of $10.04.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings initiated coverage on Praetorian Acquisition in a report on Tuesday, June 9th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Praetorian Acquisition currently has a consensus rating of “Sell”.
Praetorian Acquisition Company Profile
Praetorian Acquisition Corp is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
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