Pine Tree Acquisition Corp. (NASDAQ:PAXGU – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 691 shares. Based on an average daily trading volume, of 371,770 shares, the days-to-cover ratio is presently 0.0 days.
Pine Tree Acquisition Stock Up 0.1%
Shares of PAXGU stock traded up $0.01 during trading hours on Friday, hitting $10.03. 2,128 shares of the company were exchanged, compared to its average volume of 81,502. Pine Tree Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $10.04.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Pine Tree Acquisition to a “sell” rating in a report on Saturday, October 10th.
Read Our Latest Analysis on PAXGU
About Pine Tree Acquisition
Pine Tree Acquisition Corp. is a special purpose acquisition company (SPAC) organized to identify and complete a business combination with one or more operating businesses. The company does not have significant operating activities of its own and was established to raise capital through an initial public offering for the purpose of pursuing a merger, acquisition, or similar transaction.
Its publicly traded units, represented by the Nasdaq symbol PAXGU, generally consist of shares of common stock and accompanying warrants.
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