Short Interest in Paloma Acquisition Corp I (NASDAQ:PALOU) Declines By 56.9%

Paloma Acquisition Corp I (NASDAQ:PALOU) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 276 shares, a drop of 56.9% from the April 15th total of 641 shares. Based on an average daily trading volume, of 3,567 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Paloma Acquisition Corp I to a “hold” rating in a research note on Monday, March 2nd.

Paloma Acquisition Corp I Stock Performance

Shares of NASDAQ PALOU traded up $0.04 during midday trading on Friday, hitting $10.10. The company’s stock had a trading volume of 2 shares, compared to its average volume of 60,455. Paloma Acquisition Corp I has a 1-year low of $9.95 and a 1-year high of $10.11. The business has a fifty day simple moving average of $10.02.

Paloma Acquisition Corp I Company Profile

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.