Paloma Acquisition Corp I (NASDAQ:PALO) Sees Large Drop in Short Interest

Paloma Acquisition Corp I (NASDAQ:PALO) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 627 shares, a decline of 69.3% from the July 30th total of 2,042 shares. Based on an average daily volume of 2,841 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Paloma Acquisition Corp I Stock Down 0.2%

PALO stock opened at $9.96 on Thursday. The company’s fifty day simple moving average is $9.93. Paloma Acquisition Corp I has a 52-week low of $9.84 and a 52-week high of $9.98.

Paloma Acquisition Corp I Company Profile

Paloma Acquisition Corp I is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.