Praetorian Acquisition Corp. (NASDAQ:PTOR – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 33,143 shares, an increase of 4,936.9% from the June 30th total of 658 shares. Based on an average daily trading volume, of 41,813 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the shares of the company are short sold.
Praetorian Acquisition Stock Up 0.1%
PTOR stock traded up $0.01 during mid-day trading on Friday, hitting $9.98. 8,475 shares of the company were exchanged, compared to its average volume of 34,340. The business has a 50 day simple moving average of $9.94. Praetorian Acquisition has a 1-year low of $9.77 and a 1-year high of $10.04.
Analysts Set New Price Targets
Separately, Weiss Ratings started coverage on Praetorian Acquisition in a report on Tuesday, June 9th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Praetorian Acquisition currently has a consensus rating of “Sell”.
Praetorian Acquisition Company Profile
Praetorian Acquisition Corp is a blank check company 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.
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