Paloma Acquisition Corp I (NASDAQ:PALOU – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10 shares, a decrease of 89.9% from the July 15th total of 99 shares. Based on an average daily trading volume, of 1,048 shares, the days-to-cover ratio is currently 0.0 days.
Paloma Acquisition Corp I Stock Up 2.0%
Paloma Acquisition Corp I stock opened at $10.25 on Friday. Paloma Acquisition Corp I has a fifty-two week low of $9.95 and a fifty-two week high of $11.75. The business’s fifty day moving average is $10.11.
About Paloma Acquisition Corp I
Paloma Acquisition Corp I (NASDAQ: PALOU) is a special purpose acquisition company (SPAC), also known as a blank-check company, formed to raise capital through an initial public offering with the intent of effecting a business combination. Like other SPACs, its principal activity is to identify and complete one or more mergers, capital stock exchanges, asset acquisitions, reorganizations or similar business combinations that would result in a private operating company becoming publicly traded through the SPAC’s vehicle.
Until it completes a qualifying business combination, Paloma Acquisition Corp I does not operate a commercial business or produce goods or services.
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