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

Paloma Acquisition Corp I (NASDAQ:PALO) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 627 shares, a drop of 69.3% from the July 30th total of 2,042 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,841 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

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

Paloma Acquisition Corp I Trading Down 0.2%

NASDAQ:PALO traded down $0.01 during mid-day trading on Friday, hitting $9.96. 213 shares of the stock traded hands, compared to its average volume of 1,481. Paloma Acquisition Corp I has a 52 week low of $9.84 and a 52 week high of $9.98. The stock has a 50 day moving average price of $9.93.

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.