Patriot Acquisition Corp./CI (NASDAQ:PTACU – Get Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 189 shares, a decline of 81.7% from the July 30th total of 1,035 shares. Based on an average trading volume of 6 shares, the short-interest ratio is presently 31.5 days.
Patriot Acquisition Corp./CI Stock Performance
Shares of PTACU remained flat at $10.07 during mid-day trading on Wednesday. 200 shares of the stock traded hands, compared to its average volume of 63,333. The firm’s fifty day simple moving average is $10.06. Patriot Acquisition Corp./CI has a 52 week low of $9.93 and a 52 week high of $10.08.
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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