Patriot Acquisition Corp./CI (NASDAQ:PTACU – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 48,107 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average trading volume of 205,997 shares, the short-interest ratio is currently 0.2 days.
Patriot Acquisition Corp./CI Stock Performance
PTACU stock traded up $0.01 during midday trading on Monday, reaching $10.00. The stock had a trading volume of 5,517 shares, compared to its average volume of 111,354. Patriot Acquisition Corp./CI has a 52-week low of $9.93 and a 52-week high of $10.03.
About Patriot Acquisition Corp./CI
Patriot Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to pursue a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses.
As a SPAC, the company does not have commercial operations of its own and is organized to identify and complete an acquisition opportunity. Its efforts are typically focused on evaluating target businesses across a range of industries and geographies, though specific target criteria may vary based on the company’s formation documents and management strategy.
Because Patriot Acquisition Corp.
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