Paloma Acquisition Corp I (NASDAQ:PALO) Sees Significant Growth in Short Interest

Paloma Acquisition Corp I (NASDAQ:PALO – Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,011 shares, a growth of 207.0% from the August 31st total of 655 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,158 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Paloma Acquisition Corp I in a research report on Friday, August 14th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Paloma Acquisition Corp I currently has an average rating of “Sell”.

Check Out Our Latest Analysis on PALO

Paloma Acquisition Corp I Price Performance

Shares of Paloma Acquisition Corp I stock traded down $0.05 during trading hours on Friday, reaching $9.97. 5,195 shares of the company’s stock were exchanged, compared to its average volume of 3,092. The business’s 50 day moving average is $9.97. Paloma Acquisition Corp I has a fifty-two week low of $9.84 and a fifty-two week high of $10.08.

Paloma Acquisition Corp I Company Profile

(Get Free Report)

Paloma Acquisition Corp I is a blank-check company, also known as a special purpose acquisition company (SPAC). Rather than operating a traditional business or selling products and services, the company was formed to raise capital through an initial public offering and pursue a business combination with an existing company.

Its activities center on identifying a target business, conducting due diligence, and completing a merger, acquisition, or similar transaction. Until such a transaction is completed, Paloma Acquisition Corp I generally does not have significant commercial operations, products, or geographic markets of its own.

Publicly available information about the company’s specific acquisition strategy, operating leadership, and target-business focus is limited.

Further Reading

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