Patriot Acquisition Corp./CI (NASDAQ:PTACU – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,035 shares, a drop of 94.9% from the July 15th total of 20,440 shares. Based on an average daily trading volume, of 1,873 shares, the short-interest ratio is currently 0.6 days.
Patriot Acquisition Corp./CI Trading Up 0.2%
Shares of PTACU stock traded up $0.02 during mid-day trading on Thursday, reaching $10.07. Patriot Acquisition Corp./CI has a fifty-two week low of $9.93 and a fifty-two week high of $10.08. The stock’s 50-day moving average is $10.05.
About Patriot Acquisition Corp./CI
Patriot Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
As a SPAC, the company does not have commercial operations of its own and is organized to identify and complete an acquisition opportunity. Its efforts are typically focused on evaluating target businesses across a range of industries and geographies, though specific target criteria may vary based on the company’s formation documents and management strategy.
Because Patriot Acquisition Corp.
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