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

Paloma Acquisition Corp I (NASDAQ:PALO) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 627 shares, a decrease 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.

Paloma Acquisition Corp I Stock Performance

Shares of Paloma Acquisition Corp I stock remained flat at $9.98 during trading on Friday. 14 shares of the stock were exchanged, compared to its average volume of 1,481. The business has a 50 day moving average price of $9.93. Paloma Acquisition Corp I has a 52 week low of $9.84 and a 52 week high of $9.98.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Paloma Acquisition Corp I in a research note on Friday, August 14th. They set a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

About Paloma Acquisition Corp I

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.