Praetorian Acquisition Corp. (NASDAQ:PTOR – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 33,143 shares, a growth of 4,936.9% from the June 30th total of 658 shares. Based on an average trading volume of 41,813 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the company’s shares are sold short.
Praetorian Acquisition Stock Performance
Shares of PTOR stock opened at $9.98 on Friday. The business’s 50 day moving average is $9.94. Praetorian Acquisition has a 52 week low of $9.77 and a 52 week high of $10.04.
Analysts Set New Price Targets
Separately, Weiss Ratings initiated coverage on shares of Praetorian Acquisition in a report on Tuesday, June 9th. They issued a “sell (e)” rating for the company. 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 Praetorian Acquisition
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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