PropTech Acquisition Co. (NASDAQ:PTAC) Shares Shorted: Short Interest Down 37.5% in September

PropTech Acquisition Co. (NASDAQ:PTAC) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 20 shares, a drop of 37.5% from the September 15th total of 32 shares. Based on an average daily volume of 5,609 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on PropTech Acquisition in a research note on Monday, September 28th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, PropTech Acquisition has an average rating of “Sell”.

PropTech Acquisition Price Performance

Shares of PTAC stock traded down $0.00 during mid-day trading on Friday, hitting $9.99. The company had a trading volume of 3,004 shares, compared to its average volume of 51,519. The stock’s 50 day moving average price is $9.04 and its 200-day moving average price is $7.83. PropTech Acquisition has a 52-week low of $9.74 and a 52-week high of $10.10.

About PropTech Acquisition

PropTech Acquisition Corporation was a special purpose acquisition company (SPAC) formed to identify and combine with a business operating in the real estate technology sector. Unlike an operating company, it did not offer a broad portfolio of products or services to customers; its principal activity was raising capital through an initial public offering and pursuing a business combination.

The company focused on companies developing technology for the real estate industry, including software, data tools and digital services intended to improve property transactions, management and related services.