Short Interest in Praetorian Acquisition Corp. (NASDAQ:PTOR) Rises By 75.5%

Praetorian Acquisition Corp. (NASDAQ:PTOR) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 8,935 shares, an increase of 75.5% from the July 30th total of 5,090 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,185 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Praetorian Acquisition in a research note on Tuesday, June 9th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Praetorian Acquisition Stock Performance

Shares of PTOR stock traded up $0.01 during mid-day trading on Tuesday, hitting $9.99. 14,914 shares of the stock traded hands, compared to its average volume of 34,672. Praetorian Acquisition has a twelve month low of $9.77 and a twelve month high of $10.04. The stock’s 50-day simple moving average is $9.96.

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.