Pine Tree Acquisition Corp. (NASDAQ:PAXGU – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 691 shares. Based on an average daily volume of 371,770 shares, the days-to-cover ratio is currently 0.0 days.
Pine Tree Acquisition Trading Up 0.1%
Shares of PAXGU stock traded up $0.01 during midday trading on Friday, reaching $10.03. 2,128 shares of the stock were exchanged, compared to its average volume of 81,502. Pine Tree Acquisition has a 1 year low of $9.95 and a 1 year high of $10.04.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Pine Tree Acquisition to a “sell” rating in a research note on Saturday, October 10th.
Get Our Latest Research Report 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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